Vikas Ganeshmal Bengani

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Impugned order upheld with modification reducing the penalty to Rs. 1 lakh.
Adjudicating Officer's order dated 17 November 2009 set aside with Rs 10,000 penalty quashed

SAT-appeal

Executing fraudulent and manipulative trades in T. Spiritual World Ltd. shares, creating a false and misleading appearance of trading and artificial volume and price rise, allegedly facilitating promoter share offloading.
Appeal dismissed. · Impugned order upheld with modification reducing the penalty to Rs. 1 lakh.
Appeal: Appeal No. 222 of 2012 decided on 26 June 2013; appeal dismissed with penalty reduced from Rs. 2 lakh to Rs. 1 lakh.
SAT matter SATV-296B834598FC62D6FBA0E04C
Appeal dismissed as withdrawn
Appeal: Appeal No. 15 of 2010, decided on 26 February 2010; dismissed as withdrawn
Alleged manipulation of price and volumes in Eltrol Ltd scrip by buy orders above last traded price and off-market transfers
Appeal allowed on ground of vague show cause notice and violation of natural justice · Adjudicating Officer's order dated 17 November 2009 set aside with Rs 10,000 penalty quashed
Alleged upward price manipulation and creation of artificial volumes in illiquid Brijlaxmi Leasing scrip by large purchases at prices above LTP.
Appeal Nos. 225 and 266 of 2009 allowed · WTM common order dated 15 Sep 2009 set aside
Appeal: Appeal Nos. 225 and 266 of 2009 disposed on 25.02.2010 - allowed, impugned WTM order set aside

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Source: SecMarx — Vikas Ganeshmal Bengani. 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.