Smt. Sangita Jhunjhunwala

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalties imposed by SEBI's Adjudicating Officer's order dated 31 December 2012 were upheld.

SAT-appeal

Alleged substantially synchronized trades among connected entities created artificial volume and influenced the price of REI Agro Limited shares; Hi-Fi Tradecom also allegedly failed to comply with SEBI summons.
Appeals Nos. 44, 77, 78 and 79 of 2013 were dismissed. · Penalties imposed by SEBI's Adjudicating Officer's order dated 31 December 2012 were upheld.
Appeal: Appeal Nos. 44, 77 and 78 of 2013 and Appeal No. 79 of 2013 were heard together and dismissed by SAT on 19 November 2013.
Promoters and connected Harrington Group executed substantially synchronized trades in REI Agro Ltd creating artificial volume and influencing price to enable promoter offload; Hi-Fi failed to comply with summons.
Appeal: Appeal Nos. 44, 77, 78, 79 of 2013 before SAT, reserved on 23.10.2013, decided by common judgment on 19.11.2013

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Source: SecMarx — Smt. Sangita Jhunjhunwala. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.