Vasudev Ramchandra Kamat

SAT-appeal

• SAT matter SATV-06CCD565B2994B2D89E2870C
  Matter adjourned and directed to be listed on 12 January 2021 · Parties directed to obtain instructions from the Registrar 48 hours before the hearing regarding video conference or physical hearing
  Appeal: Appeal No. 287 of 2020 was pending and adjourned on 11 January 2021; no final disposal recorded
• Alleged synchronized trading and price manipulation in the scrip of Spectacle Ventures Ltd.
  Impugned SEBI Adjudicating Officer order quashed · Appeal allowed with no order as to costs
  Appeal: Appeal No. 287 of 2020, decided on 19 January 2021; appeal allowed and impugned order quashed
• Alleged synchronized group trading in LGS Global Limited (now Ybrant Digital Limited), with no change in beneficial ownership, creating artificial volume and a false or misleading appearance of trading.
  Impugned AO orders dated 22 November 2019 were quashed. · Appeals 8 and 9 of 2020 were allowed with no order as to costs.
  Appeal: Appeal Nos. 8 and 9 of 2020 decided on 25 February 2020; both appeals allowed.
• Alleged synchronized trading with connected group entities in LGS Global Limited, resulting in no change of beneficial ownership and creation of artificial volume and a false or misleading appearance of trading.
  Impugned AO orders dated 22 November 2019 were quashed. · Appeals Nos. 8 and 9 of 2020 were allowed with no order as to costs.
  Appeal: Appeal Nos. 8 and 9 of 2020 allowed by SAT on 25 February 2020; prior Appeal No. 1 of 2015 had remanded the matter on 20 January 2016.
• SAT matter SATV-558C5444CA48F61E1E9518E4
  Delay in filing Appeal No. 287 of 2020 condoned and Misc. Application No. 301 of 2020 allowed · Respondent to file affidavit in reply and appellant may file rejoinder with appeal listed for final hearing
  Appeal: Appeal No. 287 of 2020 pending before SAT; delay condoned and listed for final hearing on December 01, 2020
• Alleged fraudulent and unfair trade practices via synchronized trades in Spectacle Infotek Ltd (SIL) violating PFUTP Regulations.
  Impugned AO order dated 26 Sept 2014 set aside qua the six appellants · Matters restored to SEBI for fresh decision on merits and in accordance with law
  Appeal: Appeal Nos. 409/2014, 410/2014, 453/2014, 14/2015, 192/2015, 111/2015 disposed of by SAT on 08/03/2016
• Fictitious trades leading to adjudication penalty; quantum of penalty disputed qua volume of fictitious trade.
  Impugned AO common order dated September 23, 2014 quashed and set aside qua appellants · Matter restored to file of Adjudicating Officer for fresh decision on merits and in accordance with law
  Appeal: Appeal Nos. 1, 3 and 4 of 2015 disposed of on 20.01.2016 with no order as to costs
• Alleged fraudulent and unfair trade practices through synchronized trades in Spectacle Infotek Limited (SIL) in violation of PFUTP Regulations.
  Impugned AO orders set aside qua the appellants and matters restored for fresh decision on merits and in accordance with law · All appeals disposed of with no order as to costs
• Alleged synchronized trades constituting fraudulent and unfair trade practices in scrip of Spectacle Infotek Limited (SIL)
  Impugned AO orders set aside qua the appellants · Matters restored/remanded for fresh decision on merits and in accordance with law
  Appeal: Appeal Nos.409,410,453 of 2014 and 14,111,192 of 2015 disposed on 08/03/2016 by set aside and remand
• SAT matter SATV-EE44B1D91C4478BF04D463FF
  Order reserved after hearing via video conference · Parties to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal No. 287 of 2020 heard on 12.01.2021, order reserved
• Alleged fraudulent and unfair trade practices in securities market by connected entities in violation of PFUTP Regulations.
  Impugned AO order quashed and set aside qua both appellants · Matters remanded to AO of SEBI for fresh decision on merits per law
  Appeal: Appeal No.270 of 2015 and Appeal No.310 of 2015 disposed on 08/03/2016 by quashing AO order and remanding
• SAT matter SATV-7A52D4A1FD080300E5B96D84
  Rejoinder dispensed with as the appellant did not wish to file one · Matter listed for admission and final disposal on 23 December 2020
  Appeal: Appeal No. 287 of 2020 was pending; listed for admission and final disposal on 23 December 2020
• Alleged fraudulent and unfair trade practices by indulging in synchronized trades in Spectacle Infotek Ltd scrip in concert with Pabari-Parikh group.
  AO order dated 26 September 2014 set aside qua the six appellants · Matters restored/remanded to SEBI for fresh decision on merits and in accordance with law
  Appeal: Appeal Nos. 409, 410, 453 of 2014 and 14, 111, 192 of 2015 disposed on 08/03/2016 by set-aside and remand
• Alleged synchronized trades constituting fraudulent and unfair trade practices in Spectacle Infotek Ltd scrip
  Impugned AO orders set aside qua appellants · Matters restored for fresh decision on merits in accordance with law
  Appeal: Appeal Nos.409,410,453/2014 and 14,111,192/2015 disposed on 08/03/2016 by set-aside and remand
• Alleged fictitious trades resulting in AO penalty; quantum disputed qua volume of fictitious trades
  Impugned AO order dated September 23, 2014 quashed and set aside qua the appellants · Matter restored to file of Adjudicating Officer for fresh decision on merits and in accordance with law
  Appeal: Appeal Nos. 1, 3 and 4 of 2015 disposed of on 20.01.2016 by consent remand to AO
• Alleged fraudulent and unfair trade practice by synchronized trades in Spectacle Infotek Limited (SIL) scrip.
  Impugned AO orders set aside qua the six appellants · Matters remanded to SEBI for fresh decision on merits per law
• Fictitious trades leading to adjudication penalty, with dispute on findings and quantum vis-a-vis trade volume
  Impugned AO order dated September 23, 2014 quashed and set aside qua the appellants · Matter restored to Adjudicating Officer for fresh decision on merits and in accordance with law
  Appeal: Appeal Nos. 1, 3 and 4 of 2015 disposed of on 20.01.2016 by consent remand to AO
• Alleged fraudulent and unfair trade practices in securities market in violation of PFUTP Regulations
  Impugned AO order quashed and set aside qua both appellants · Matters restored to AO of SEBI for fresh decision on merits and in accordance with law
  Appeal: Appeal No.270 of 2015 and Appeal No.310 of 2015 disposed on 08/03/2016 by remand to AO