Sunil Parakh

SAT-appeal

• Alleged orchestrated manipulation of Greencrest’s share price through preferential allotments, abnormal trading, funding, off-market share transfers and indirect return of allotment money.
  Appeals challenge the WTM order dated 5 June 2020 restraining appellants from accessing the securities market for three years and freezing their demat accounts for three years.
  Appeal: Appeal Nos. 360 of 2020, 361 of 2020 and 630 of 2021 were heard together; decision dated 8 February 2022. The supplied text ends before the final disposal directions.
• Company and directors allegedly orchestrated price manipulation to benefit preferential allottees via funding buyers/sellers and routing allotment money through Global Infratech.
  WTM restrained appellants from accessing securities market for 3 years · WTM froze appellants' demat accounts for 3 years
  Appeal: Appeal Nos. 360/2020, 361/2020, 630/2021 against WTM order dated 05.06.2020; heard 01.02.2022, decided 08.02.2022
• Company and directors allegedly orchestrated price manipulation via two preferential allotments, funding buyers/sellers through connected entities to benefit preferential allottees selling at manipulated highs.
  WTM restrained appellants from accessing securities market for 3 years · WTM froze demat accounts for same 3-year period