Subhash D. Bhatiwada

23 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Rejoinders to be filed within three weeks thereafter
Rejoinders to be filed within three weeks thereafter.
AO order 06.11.2020 imposed penalty of Rs 5 lakh each under Section 15HA
AO order dated 6 November 2020 imposed penalty of Rs 5 lakh each
Parties to take instructions from Registrar 48 hrs before fixed date on video conference or physical hearing

SAT-appeal

SAT matter SATV-0900BFFC0FC47844CC02FB13
All listed appeals arising from a common order were taken up together · Connected with Appeal No. 369 of 2020
Appeal: Appeal Nos. 152, 153, 154, 155, 156, 157, 158, 204 and 205 of 2021 were pending directions; connected with Appeal No. 369 of 2020; listed for 24 June 2021
SAT matter SATV-104D341C05C8234BB3B3254F
All appeals arising from a common order were taken up together · Connect with Appeal No. 369 of 2020
Appeal: Appeal Nos. 152, 153, 154, 155, 156, 157, 158, 204 and 205 of 2021 were heard together for directions on 3 May 2021; connected with Appeal No. 369 of 2020 and listed for 24 June 2021.
SAT matter SATV-25109AF994A805B68DDF0D60
All appeals were taken up together and connected with Appeal No. 369 of 2020. · Replies to be filed within three weeks from 3 May 2021.
Appeal: Appeal Nos. 152, 153, 154, 155, 156, 157, 158, 204 and 205 of 2021 were pending; connected with Appeal No. 369 of 2020. Listed on 24 June 2021.
Alleged manipulation of price of Maa Jagdambe Tradelinks Ltd (MJTL) during two patches by placing miniscule sell orders to contribute to price rise as first seller.
WTM order 29.07.2020 restrained all appellants from dealing in securities · AO order 06.11.2020 imposed penalty of Rs 5 lakh each under Section 15HA
Appeal: Appeal Nos 326-328,363,369-373 of 2020 and 152-158,204,205 of 2021 against WTM order 29.07.2020 and AO order 06.11.2020; hearing 15.07.2021, decision 24.08.2021
Alleged manipulation of Maa Jagdambe Tradelinks Ltd price in two patches by placing minuscule sell orders to mark price rise as first seller.
WTM order dated 29 July 2020 restrained appellants from dealing in securities · AO order dated 6 November 2020 imposed penalty of Rs 5 lakh each
SAT matter SATV-8587015C384712994C9A86D2
List Appeals No. 326-328, 363, 369-373 of 2020 on May 3, 2021 with Appeal No.152 of 2021 and connected appeals · Interim order, if any granted earlier, extended till next date of listing
Appeal: Appeal Nos. 326, 327, 328, 363, 369, 370, 371, 372, 373 of 2020 pending; adjourned to May 3, 2021 with Appeal No.152 of 2021; interim extended
Alleged manipulation of Maa Jagdambe Tradelinks Ltd price in two patches by placing miniscule sell orders of 10-15 shares despite large holdings as first seller to drive price rise.
WTM order 29 July 2020: held all 9 guilty of PFUTP violation, restrained from dealing in securities · AO order 6 Nov 2020: imposed penalty of Rs 5 lakh each under Sec 15HA on same facts
Appeal: Appeal Nos 326-328,363,369-373 of 2020 and 152-158,204-205 of 2021; hearing 15.07.2021, decision 24.08.2021; delay 44-50 days condoned
Alleged manipulation of price of Maa Jagdambe Tradelinks Ltd during two patches in violation of PFUTP Regulations 3 and 4.
WTM order dated 29 July 2020 restrained appellants from dealing in securities · AO order dated 6 November 2020 imposed penalty of Rs 5 lakh each
Appeal: Appeal Nos. 326-328, 363, 369-373 of 2020 and 152-158, 204-205 of 2021 heard 15.07.2021, decided 24.08.2021; delay 44-50 days condoned
SAT matter SATV-AADFB6142FC1BF0A88D83718
All appeals arising from common order taken up together and connected with Appeal No. 369 of 2020 · Reply within three weeks from 03.05.2021; rejoinder within three weeks thereafter; list on June 24, 2021
Appeal: Appeal Nos. 152, 153, 154, 155, 156, 157, 158, 204, 205 of 2021 pending before SAT; no disposal on 03.05.2021; reply stage with next listing 24.06.2021; connected with Appeal No. 369 of 2020
Alleged manipulation of Maa Jagdambe Tradelinks Ltd price in two patches by placing miniscule sell orders of 10-15 shares as first seller despite holding substantive shares.
WTM restrained all appellants from dealing in securities per order dated July 29, 2020 · AO imposed penalty of Rs 5 lakh each vide order dated November 6, 2020
Appeal: Appeal Nos 326-328, 363, 369-373 of 2020 and 152-158, 204-205 of 2021; delay 44-50 days condoned; heard 15.07.2021 decided 24.08.2021
Alleged manipulation of Maa Jagdambe Tradelinks Ltd. price during two patches via miniscule sell orders contributing to price rise in violation of PFUTP norms.
WTM impugned order restrained appellants from dealing in securities · AO impugned order imposed Rs 5 lakh penalty on each appellant
Appeal: Appeal Nos 326-328,363,369-373 of 2020 and 152-158,204-205 of 2021; hearing 15.07.2021, decision 24.08.2021; delay condoned
Alleged manipulation of price of Maa Jagdambe Tradelinks Ltd. (MJTL) during two patches by group and three individuals in violation of PFUTP Regulations.
WTM order dated July 29, 2020 restrained all nine noticees from dealing in securities · AO order dated November 6, 2020 imposed penalty of Rs.5 lakh each on same facts
SAT matter SATV-DDAB6C75FC34B0CA389E18C8
All appeals arising from common order taken up together · Connected with Appeal No. 369 of 2020
Appeal: Appeal Nos. 152-158, 204-205 of 2021 pending before SAT against common SEBI order, connected with Appeal No. 369 of 2020, adjourned to 24.06.2021 per order dated 03.05.2021
SAT matter SATV-E330BD27D96FD9882BA2138C
All appeals arising from common order taken up together and connected with Appeal No. 369 of 2020 · SEBI reply to be filed within three weeks; rejoinder within three weeks thereafter
Appeal: Appeal Nos. 152, 153, 154, 155, 156, 157, 158, 204, 205 of 2021 with Misc. Applications pending; reply stage, listed 24 June 2021
SAT matter SATV-E78D201FB1CD71BDAA666CD5
All appeals arising from common order taken up together · Connected with Appeal No. 369 of 2020
Alleged manipulation of price of Maa Jagdambe Tradelinks Ltd (MJTL) during two patches by group and individuals in violation of PFUTP Regulations.
Appeal: Appeal Nos 326-328, 363, 369-373 of 2020 and 152-158, 204-205 of 2021; hearing 15.07.2021, decision 24.08.2021
SAT matter SATV-F9C99D3B00F29E861957DF63
Reply may be filed within three weeks from 03.05.2021 · Rejoinder may be filed within three weeks thereafter
Appeal: Appeal Nos. 152, 153, 154, 155, 156, 157, 158, 204, 205 of 2021 with Misc. Applications pending; adjourned to June 24, 2021 for reply/rejoinder
SAT matter SATV-53658B95D0759E4B05D3483A
Appeals were taken up together and connected with Appeal No. 369 of 2020 · Replies to be filed within three weeks from 3 May 2021
Appeal: Appeal Nos. 152, 153, 154, 155, 156, 157, 158, 204 and 205 of 2021 were pending; listed for 24 June 2021
Alleged manipulation of Maa Jagdambe Tradelinks Ltd. price in two patches by placing miniscule 10-15 share sell orders as first seller to contribute to price rise.
Appeal: Appeal Nos. 326-328, 363, 369-373 of 2020 and 152-158, 204-205 of 2021 with Misc. Appl. 429, 531-538 of 2021; delay 44-50 days condoned; heard 15.07.2021, decided 24.08.2021
SAT matter SATV-764A409A21FAEA7780D5C39A
List Appeal Nos. 326, 327, 328, 363, 369, 370, 371, 372, 373 of 2020 on May 3, 2021 along with Appeal No. 152 of 2021 and connected appeals · Interim order, if any, granted earlier extended till next date of listing
Appeal: Appeal Nos. 326, 327, 328, 363, 369, 370, 371, 372, 373 of 2020 pending before SAT; adjourned to May 3, 2021 with interim extended
Alleged manipulation of price of Maa Jagdambe Tradelinks Ltd (MJTL) during two patches by contributing to price rise as first seller.
WTM order dated July 29, 2020 restrained all appellants from dealing in securities · AO order dated November 6, 2020 imposed penalty of Rs.5 lakh each
Appeal: Appeal Nos. 326-328, 363, 369-373 of 2020 and 152-158, 204-205 of 2021 heard on 15.07.2021, decided on 24.08.2021; delay of 44-50 days condoned
Alleged manipulation of Maa Jagdambe Tradelinks Ltd. price during two patches by miniscule sell orders setting higher price in violation of PFUTP Regs 3-4.
WTM order dated 29 July 2020 restrained all nine appellants from dealing in securities · AO order dated 6 November 2020 imposed Rs.5 lakh penalty each on same facts
Alleged manipulation of price of Maa Jagdambe Tradelinks Ltd (MJTL) during two patches by placing miniscule sell orders as first seller to contribute to price rise.
Delay of 44-50 days in filing appeals condoned · Challenge to WTM order dated 29.07.2020 restraining noticees from dealing in securities
Appeal: Appeal Nos.326-328,363,369-373 of 2020 and 152-158,204-205 of 2021 heard 15.07.2021, decided 24.08.2021; delay condoned vide Misc.Appl.429,531-538 of 2021

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Source: SecMarx — Subhash D. Bhatiwada. 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.