Utsav Securities Pvt Ltd, Metaster Finlease Ltd, Avail Financial Services, Virendra Jain, Babita Jain, Priti Jain
Penalties and directions recorded
- All appeals dismissed without order as to costs; AO penalty sustained
- AO penalty of Rs 30 lakhs jointly and severally affirmed
SAT-appeal
- Manipulation of Sital Leasing and Finance Ltd scrip price from Rs.3.10 to Rs.720 via SPOS and maintaining it through connected-party trades contributing to positive LTP.All appeals dismissed without order as to costs; AO penalty sustainedAppeal: Appeal Nos.470, 489, 497, 498, 502 of 2020 heard 10.08.2021, decided and dismissed 20.09.2021; appeal abated for deceased Sachin Goel
- Manipulation of price of scrip of Sital Leasing and Finance Ltd (SLFL) by fraudulently establishing price at Rs 720 and maintaining it through connected trades.All appeals (Nos.470,489,497,498,502 of 2020) dismissed without order as to costs · AO penalty of Rs 30 lakhs jointly and severally affirmedAppeal: Appeal Nos.470,489,497,498,502 of 2020 decided 20.09.2021 (hearing 10.08.2021) - all dismissed; Appeal 498 abated qua deceased Sachin Goel
Source: SecMarx — Utsav Securities Pvt Ltd, Metaster Finlease Ltd, Avail Financial Services, Virendra Jain, Babita Jain, Priti Jain. 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.