Suryapratap Gupta HUF
Penalties and directions recorded
- AO's penalty orders imposing Rs. 5 lakh on each appellant upheld.
- SEBI AO order dated 31 March 2021 imposing penalties upheld.
- Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
- Parties to contact Registrar 48 hours before fixed date for video/physical hearing mode
- Matters listed on 24th December, 2021
SAT-appeal
- Manipulation of Partani Appliances Limited's scrip by selling miniscule quantities above the last traded price while large buy orders were pending, to raise the price and trading volume.All four appeals dismissed. · AO's penalty orders imposing Rs. 5 lakh on each appellant upheld.Appeal: Appeal Nos. 426, 574, 573 and 659 of 2021 dismissed by SAT on 24 December 2021.
- Manipulation of the price and trading volume of Partani Appliances Limited by selling minuscule quantities above the last traded price while large buy orders were pending, constituting fraudulent and unfair trade practices.All four appeals dismissed. · SEBI AO order dated 31 March 2021 imposing penalties upheld.Appeal: Appeal Nos. 426, 574, 573 and 659 of 2021 dismissed by SAT on 24 December 2021; impugned common AO order dated 31 March 2021 upheld.
- SAT matter SATV-59FE31C16A8004FF16A8C808List Appeal No. 426 of 2021 on October 29, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearingAppeal: Appeal No. 426 of 2021 pending before SAT; next listed on October 29, 2021
- SAT matter SATV-643E33FBDC23383D8F737169Delay in filing appeal condoned and Misc. applications allowed · List appeals on 24th December, 2021Appeal: Appeal Nos. 426, 573, 574 of 2021 with Misc. Appl. Nos. 930 and 941 of 2021 - delay condoned, pending, next listed on 24 December 2021
- SAT matter SATV-CC6560A743CA15560405FEA1Delay in filing appeals condoned; misc applications allowed · Matters listed on 24th December, 2021Appeal: Appeal Nos.426, 573, 574 of 2021 with Misc. Applications 930 and 941 of 2021 - delay condoned on 29.10.2021, next listing 24.12.2021
- SAT matter SATV-D72F0A944ABAFCA889CDEBA7Delay in filing appeals condoned; miscellaneous applications allowed · Matter listed on 24 December 2021Appeal: Appeal Nos. 426, 573, 574 of 2021 with Misc. Applications 930 and 941 of 2021; delay condoned on 29.10.2021; listed on 24.12.2021, not disposed
- Large scale manipulation in scrip of Partani Appliances Limited by connected entities selling miniscule quantities above LTP to raise price, violating PFUTP Regulations 3 and 4.All four appeals dismissed · AO penalty of Rs 5 lakh per appellant upheldAppeal: Appeal Nos. 426, 573, 574, 659 of 2021 dismissed on 24.12.2021; prior Appeal No. 55 of 2019 dismissed on 25.03.2021
- SAT matter SATV-9B5CD88A03F854C79DFAF7EBRespondent SEBI to file reply within three weeks; appellant to file rejoinder within three weeks thereafter · Matter listed for admission on September 02, 2021Appeal: Appeal No. 426 of 2021 (Suryapratap Gupta HUF vs SEBI) pending before SAT; listed for admission on 02.09.2021 with conditional interim stay
- Large-scale manipulation in Partani Appliances Ltd by connected entities selling miniscule quantities above LTP to raise price despite large pending buy orders.All four appeals dismissed with no order as to costs · AO penalty of Rs.5 lakh each upheld as appropriate minimumAppeal: Appeal Nos. 426, 574, 573 and 659 of 2021 dismissed on 24.12.2021
Source: SecMarx — Suryapratap Gupta HUF. 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.