Somani Overseas Pvt. Ltd.
Penalties and directions recorded
- Parties to contact the Registrar 48 hours before the hearing date regarding video-conference or physical hearing
- Parties directed to contact the Registrar 48 hours before the scheduled date regarding video or physical hearing
- Appeal partly allowed; WTM to recalculate disgorgement using acquisition Rs.5.34 and sale Rs.18.98 per share
- Rs.2 crore interim deposit dated 25 October 2019 to be adjusted against recalculated liability
- Parties to take instructions from the Registrar 48 hours before the hearing regarding video conference or physical hearing
SAT-appeal
- SAT matter SATV-099917E2F2765E222897147CList Miscellaneous Application No. 526 of 2019 and Appeal No. 431 of 2019 on 14 December 2021 · Parties to contact the Registrar 48 hours before the hearing date regarding video-conference or physical hearingAppeal: Appeal No. 431 of 2019 was pending; listed for 14 December 2021
- SAT matter SATV-19C22D9237E63B14CD16A335Matter listed on 6 August 2021 · Parties directed to contact the Registrar 48 hours before the scheduled date regarding video or physical hearingAppeal: Appeal No. 431 of 2019 and Miscellaneous Application No. 526 of 2019 were listed for further hearing on 6 August 2021; no disposal on merits stated.
- Price manipulation in Sumeet Industries Ltd. via misleading corporate announcements and manipulative trades to inflate price and enable promoters to offload holdings profitably.Appeal partly allowed; WTM to recalculate disgorgement using acquisition Rs.5.34 and sale Rs.18.98 per share · WTM to complete recalculation within four weeks from 21 December 2021 with interest
- SAT matter SATV-3B9217A563F6D1C7C1A8C00CMatter adjourned on the appellant's request. · List the matter on 17 June 2021.Appeal: Miscellaneous Application No. 526 of 2019 in Appeal No. 431 of 2019 adjourned on 6 May 2021; listed for 17 June 2021.
- SAT matter SATV-3EB4C91A4B6B222345E68964Matter listed for 19 April 2021 · Parties to take instructions from the Registrar 48 hours before the hearing regarding video conference or physical hearingAppeal: Appeal No. 431 of 2019 was pending; listed for 19 April 2021
- SAT matter SATV-5A8371F25C8E463D0A754878List the matter on 26 October 2021 · Parties to obtain instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearingAppeal: Appeal No. 431 of 2019 was pending and adjourned for listing on 26 October 2021; no disposal on merits stated
- SAT matter SATV-8206D25A0067E166D01ACF4CMisc. Application No.17 of 2022 dismissed as infructuousAppeal: Misc. Application No.17 of 2022 in Appeal No.431 of 2019 disposed on 17.01.2022 as dismissed infructuous
- Price manipulation in Sumeet Industries Ltd via misleading corporate announcements and matched trades with Puroshottam Madanlal Khandelwal to let promoters offload holdings at inflated prices.Partly allowed Appeal No.431 of 2019; WTM to recalculate disgorgement using acquisition price Rs.5.34 and sale price Rs.18.98 · WTM calculation with interest to be made within four weeks from 21.12.2021Appeal: Appeal No.431 of 2019 partly allowed by SAT decision dated 21.12.2021; Misc. Application No.526 of 2019 disposed; earlier Appeals No.225 and 227 of 2014 partly allowed 30.06.2016 with remand
Source: SecMarx — Somani Overseas Pvt. Ltd.. 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.