Syncom Formulations (India) Ltd.

SAT-appeal

• Alleged fraudulent scheme involving preferential allotment followed by abnormal and huge price rises, market manipulation, wrongful gains and undermining market integrity.
  Appeals partly allowed. · Three-year restraint from accessing and dealing in the securities market ended on 27 September 2019.
  Appeal: Appeal Nos. 273 of 2018, 158 of 2018, 159 of 2018, 181 of 2018, 216 of 2018, 246 of 2018, 290 of 2018, 291 of 2018, 311 of 2018, 374 of 2018, 382 of 2018 and 137 of 2019 disposed of on 27 September 2019; partly allowed.
• Alleged fraudulent scheme involving preferential allotment followed by abnormal and huge price rises, market manipulation, wrongful gains and undermining market integrity.
  All appeals partly allowed. · Three-year restraint/debarment order held to have been fully undergone and ended on 27 September 2019.
  Appeal: Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 disposed of on 27 September 2019; partly allowed.
• SEBI alleged that preferential allotment was followed by an abnormal and huge rise in the scrip prices as part of a fraudulent scheme to manipulate the market, make wrongful gains and undermine market integrity.
  Appeals partly allowed; restraint and market-access prohibitions ended on 27 September 2019. · Adjudicating Officer directed to consider the matter on merits independently of the WTM's findings.
  Appeal: Appeal Nos. 273 of 2018, 158 of 2018, 159 of 2018, 181 of 2018, 216 of 2018, 246 of 2018, 290 of 2018, 291 of 2018, 311 of 2018, 374 of 2018, 382 of 2018 and 137 of 2019 disposed of on 27 September 2019; partly allowed.
• SEBI alleged that preferential allotment was followed by an abnormal and huge rise in the scrip prices, forming part of a fraudulent scheme to manipulate the market and make wrongful gains.
  All appeals partly allowed to the stated extent. · Three-year restraint and prohibition from accessing or associating with the securities market ended on 27 September 2019.
  Appeal: Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 disposed of on 27 September 2019; partly allowed.
• SAT matter SATV-26873B527A36B0EDC224C45A
  Miscellaneous Applications Nos. 77 to 88 of 2020 were rejected · SAT found no manifest error requiring modification or correction of its order dated 27 September 2019
  Appeal: Miscellaneous Applications Nos. 77-88 of 2020 in Appeals Nos. 273/2018, 158/2018, 159/2018, 181/2018, 216/2018, 246/2018, 290/2018, 291/2018, 311/2018, 374/2018, 382/2018 and 137/2019 rejected on 21 February 2020.
• SAT matter SATV-32F955CFBC7BDAD74CB249D9
  Miscellaneous Applications Nos. 77 to 88 of 2020 were rejected · SAT found no manifest error requiring modification or correction of its order dated 27 September 2019
  Appeal: Miscellaneous Applications Nos. 77-88 of 2020 in Appeals Nos. 273/2018, 158/2018, 159/2018, 181/2018, 216/2018, 246/2018, 290/2018, 291/2018, 311/2018, 374/2018, 382/2018 and 137/2019 rejected on 21 February 2020; underlying order dated 27 September 2019 unchanged
• Alleged fraudulent scheme involving preferential allotment, market manipulation and an abnormal, huge rise in the prices of the relevant scrips, undertaken to make wrongful gains.
  Appeals partly allowed. · Restraint from accessing the securities market and dealing in securities came to an end on 27 September 2019.
  Appeal: Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 disposed of on 27 September 2019; partly allowed.
• Fraudulent scheme with common objective of wrongful gains by manipulating market via preferential allotment followed by abnormal huge rise in scrip prices
  Restraint from accessing securities market and buying-selling-dealing to end from 27.09.2019 · All appeals partly allowed without going into merits
  Appeal: Appeal Nos. 273,158,159,181,216,246,290,291,311,374,382 of 2018 and 137 of 2019 disposed on 27.09.2019 as partly allowed
• Fraudulent scheme with common objective to make wrongful gains by manipulating market and undermining integrity via preferential allotment followed by abnormal huge rise in scrip price.
  Restraint from buying, selling, dealing in securities and association with market to end from 27.09.2019 · All appeals partly allowed without going into merits of manipulation charge
  Appeal: Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 disposed on 27.09.2019 as partly allowed
• SAT matter SATV-3F78A0EB0CAD57E01417F9C3
  Miscellaneous Application No. 378 of 2016 and Appeal No. 460 of 2016 withdrawn and disposed of · No order as to costs
  Appeal: Appeal No. 460 of 2016 withdrawn and disposed of on 11 October 2017; Misc. Application No. 378 of 2016 also withdrawn and disposed of.
• SAT matter SATV-57F91992FA730F4490207FDD
  Miscellaneous Applications Nos. 77 to 88 of 2020 rejected · SAT order dated September 27, 2019 requires no modification / correction
  Appeal: Misc. Applications Nos. 77-88 of 2020 in Appeal Nos. 273,158,159,181,216,246,290,291,311,374,382 of 2018 and 137 of 2019 - rejected on 21.02.2020
• Preferential allotment followed by abnormal huge price rise; fraudulent scheme with common objective to make wrongful gains by manipulating market and undermining integrity.
  Restraint from accessing/dealing in securities ends from 27.09.2019 · Interim debarment already undergone held sufficient; 3-year debarment not additionally enforced
  Appeal: Appeal Nos. 273,158,159,181,216,246,290,291,311,374,382 of 2018 and 137 of 2019 disposed/partly allowed on 27.09.2019
• SAT matter SATV-8AD5EBB45FC97457406E5FA0
  Misc. Applications No. 77 to 88 of 2020 rejected · SAT order dated September 27, 2019 requires no modification / correction
• SAT matter SATV-980117ED572965EB6FA9B152
  Miscellaneous Applications Nos. 77 to 88 of 2020 rejected; SAT order dated September 27, 2019 maintained
• Preferential allotment followed by abnormal and huge rise in scrip price; fraudulent scheme with common objective of making wrongful gains by manipulating market and undermining integrity.
  Appeals partly allowed without going into merits · Restraint from buying, selling, dealing in securities and association with market to come to an end from 27.09.2019
  Appeal: Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 disposed on 27.09.2019 as partly allowed
• SAT matter SATV-CEAC05398A958FFFF5C15D14
  Misc. Applications No. 77 to 88 of 2020 rejected · SAT order dated September 27, 2019 maintained with no modification / correction
  Appeal: Misc. Application Nos. 77-88 of 2020 in Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 disposed by rejection on 21.02.2020
• SAT matter SATV-F5A7F9409A6477739A4E8937
  Miscellaneous Applications No. 77 to 88 of 2020 rejected; no manifest error found warranting modification/correction of SAT order dated September 27, 2019
• Fraudulent scheme with common objective of wrongful gains by manipulating market via preferential allotment followed by abnormal huge rise in price of scrips.
  Appeals partly allowed without going into merits · 3-year market restraint from WTM order held already undergone via interim debarment
  Appeal: Appeal Nos. 273,158,159,181,216,246,290,291,311,374,382 of 2018 and 137 of 2019 disposed on 27.09.2019 as partly allowed
• SAT matter SATV-4EE9A3F1C6F0942467D3C37F
  Miscellaneous Applications Nos. 77 to 88 of 2020 were rejected. · SAT found no manifest error requiring modification or correction of its order dated 27 September 2019.
  Appeal: Miscellaneous Applications Nos. 77-88 of 2020 in listed appeals were rejected on 21 February 2020; underlying appeal numbers include 273/2018, 158/2018, 159/2018, 181/2018, 216/2018, 246/2018, 290/2018, 291/2018, 311/2018, 374/2018, 382/2018 and 137/2019.
• SAT matter SATV-5CCDCFEC26509C46E17581BE
  Miscellaneous Applications Nos. 77 to 88 of 2020 were rejected. · SAT found no manifest error requiring modification or correction of its order dated 27 September 2019.
  Appeal: Miscellaneous Applications Nos. 77 to 88 of 2020 in Appeals Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 rejected on 21 February 2020.
• SAT matter SATV-801F8D60851B9D87F0AF187C
  Miscellaneous Applications Nos. 77 to 88 of 2020 rejected · No manifest error requiring modification / correction in order dated September 27, 2019
• Preferential allotment followed by abnormal huge rise in scrip price; fraudulent scheme with common objective of wrongful gains by manipulating market and undermining integrity.
  Restraint on appellants from accessing or dealing in securities to end from 27.09.2019 · All appeals partly allowed without going into merits as 3-year debarment already undergone
  Appeal: Appeal Nos 273,158,159,181,216,246,290,291,311,374,382 of 2018 and 137 of 2019 partly allowed and disposed on 27.09.2019
• SAT matter SATV-8DDA572AD1B1421719663ECB
  Miscellaneous Applications rejected; no modification/correction in SAT order dated September 27, 2019
  Appeal: Misc. Applications Nos. 77 to 88 of 2020 in Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 rejected on 21.02.2020
• SAT matter SATV-CF9335F4736688625FA4091F
  Misc. Applications Nos. 77 to 88 of 2020 rejected · SAT order dated September 27, 2019 maintained - no manifest error found
  Appeal: Misc. Applications Nos. 77-88 of 2020 in Appeal Nos. 273, 158, 159, 181, 216, 246, 290, 291, 311, 374, 382 of 2018 and 137 of 2019 - rejected by SAT on 21.02.2020
• Fraudulent scheme with common objective of wrongful gains by market manipulation and undermining integrity via preferential allotment followed by abnormal huge rise in scrip price.
  Restraint from buying, selling, dealing in securities and association with securities market to end from 27.09.2019 · All appeals partly allowed to that extent without going into merits
  Appeal: Appeal Nos. 273,158,159,181,216,246,290,291,311,374,382 of 2018 and 137 of 2019 partly allowed and disposed on 27.09.2019