Sweta Ramesh Rabadiya

13 matters before the Securities Appellate Tribunal

Penalties and directions recorded

AO imposed Rs 5-10 lakh penalties under Sec 15HA; SAT final disposal truncated in excerpt
AO imposed varying monetary penalties Rs 5 lakh to Rs 10 lakh per entity (impugned order); SAT operative decision truncated in excerpt
AO imposed varying monetary penalties Rs 5 lakh to Rs 10 lakh on 16 entities (impugned, under SAT review)
AO imposed varying monetary penalties Rs 5 lakh to Rs 10 lakh on 16 entities under Sec 15HA (impugned order)
AO imposed Rs 5 lakh to Rs 10 lakh penalty per entity; SAT operative decision not in excerpt

SAT-appeal

The appellants were alleged to have traded as an interconnected group in Aarya Global Shares and Securities Ltd., creating positive Last Traded Price Variation, New High Prices and first trades, thereby manipulating the market in violation of the PFUTP Regulations.
Appeal: Thirteen appeals, including Appeal Nos. 26, 27, 28, 29, 56, 57, 64, 65, 66, 67, 175, 176 and 177 of 2019, were filed against the AO's order dated 30 November 2017; decision date 29 January 2020. Disposal directions are absent from the provided excerpt.
The appellants allegedly traded as an interconnected group among themselves in Aarya Global Shares and Securities Ltd., creating positive Last Traded Price Variation, New High Prices and first trades, violating the PFUTP Regulations.
Appeal: Appeal Nos. 26, 27, 28, 29, 56, 57, 64, 65, 66, 67, 175, 176 and 177 of 2019 heard together; order dated 29 January 2020; final disposal outcome not included in supplied text
The 16 connected noticees allegedly traded among themselves in Aarya Global Shares and Securities Ltd., artificially contributing to positive Last Traded Price Variation, New High Prices and first trades.
Appeal: Appeal Nos. 26, 27, 28, 29, 56, 57, 64, 65, 66, 67, 175, 176 and 177 of 2019 challenging SEBI AO order dated 30 November 2017; decision dated 29 January 2020
16 connected entities traded inter-se in Aarya Global scrip creating artificial LTP variation, New High Price and first trades violating PFUTP.
AO imposed Rs 5-10 lakh penalties under Sec 15HA; SAT final disposal truncated in excerpt
Appeal: 13 Appeals Nos.26-29,56,57,64-67,175-177 of 2019 vs AO order dt 30.11.2017; reserved 20.12.2019, decided 29.01.2020
16 connected entities allegedly trading amongst themselves in Aarya Global scrip to create artificial LTP variation, New High Price and first trades violating PFUTP Regulations.
16 connected entities trading amongst themselves in Aarya Global Shares and Securities Ltd creating artificial positive LTP variation, New High Price and first trades violating PFUTP Regulations.
AO imposed varying monetary penalties Rs 5 lakh to Rs 10 lakh per entity (impugned order); SAT operative decision truncated in excerpt
Appeal: Appeal Nos. 26-29, 56-57, 64-67, 175-177 of 2019; Order Reserved 20.12.2019, Date of Decision 29.01.2020 challenging AO order dated 30.11.2017
16 connected entities traded among themselves in Aarya Global scrip creating artificial LTP variation, New High Price and first trades in violation of PFUTP fraud/manipulation norms.
Appeal: 13 SAT Appeals Nos. 26-29, 56-57, 64-67, 175-177 of 2019 vs SEBI against AO order dated 30.11.2017; reserved 20.12.2019, decided 29.01.2020; operative SAT disposal truncated in text
Connected group allegedly traded among themselves in Aarya Global scrip creating artificial LTP variation, New High Prices and first trades violating PFUTP Regulations.
AO imposed varying monetary penalties Rs 5 lakh to Rs 10 lakh on 16 entities (impugned, under SAT review)
Appeal: Appeal Nos. 26,27,28,29,56,57,64,65,66,67,175,176,177 of 2019; Reserved 20.12.2019, Decision 29.01.2020
Group of connected entities allegedly traded amongst themselves in Aarya Global Shares creating artificial positive LTPV, NHP and first trades violating PFUTP.
AO imposed varying monetary penalties Rs 5 lakh to Rs 10 lakh on 16 entities under Sec 15HA (impugned order)
Appeal: 13 Appeals Nos. 26,27,28,29,56,57,64,65,66,67,175,176,177 of 2019 decided on 29.01.2020 (reserved 20.12.2019)
16 connected entities allegedly traded amongst themselves in Aarya Global scrip creating artificial LTPV, NHP and first trades violating PFUTP.
AO imposed Rs 5 lakh to Rs 10 lakh penalty per entity; SAT operative decision not in excerpt
16 connected entities allegedly traded amongst themselves in Aarya Global Shares and Securities Ltd creating artificial positive LTPV, NHP and first trades violating PFUTP Regulations.
Appeal: Appeal Nos 26,27,28,29,56,57,64,65,66,67,175,176,177 of 2019, Order Reserved 20.12.2019, Decided 29.01.2020
16 connected entities allegedly traded amongst themselves in Aarya Global scrip creating artificial LTPV, NHP and first trades violating PFUTP Regulations.
Appeal: 13 SAT Appeals Nos. 26,27,28,29,56,57,64,65,66,67,175,176,177 of 2019 challenging AO order dated 30.11.2017; Reserved 20.12.2019, Decision 29.01.2020
16 connected entities allegedly traded among themselves in Aarya Global scrip creating artificial LTP variation, New High Prices and first trades violating PFUTP norms.
AO imposed varying monetary penalties of Rs 5 lakh to Rs 10 lakh under Section 15HA for PFUTP violations
Appeal: 13 Appeals Nos 26-29, 56-57, 64-67, 175-177 of 2019 vs AO order dated 30 Nov 2017; reserved 20.12.2019, decided 29.01.2020

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Source: SecMarx — Sweta Ramesh Rabadiya. 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.