Viraj Mercantile Pvt. Ltd.
Penalties and directions recorded
- WTM: Manish Chaturvedi debarred 7 years; Laxmi, Manohar Chaturvedi debarred 5 years
- WTM: Viraj, Josh, E-Ally, Sandeep, Shree Jaisal, Neeta debarred 5 years
- WTM: Madhu, Anandilal Chanda, HUF debarred 6 years; Praveen Jain debarred 6 years
- WTM: disgorgement Rs 18,98,39,179 joint by Chaturvedis; Rs 91,21,781 joint by Chandas
- AO: penalty Rs 35 lakh on Praveen Jain; Rs 25 lakh joint on Chandas
SAT-appeal
- Front-running of Sterling group trades by Manish Chaturvedi with aid of family and front entities via 7 trading accounts including Sharekhan client and proprietary accountsWTM: Manish Chaturvedi debarred 7 years; Laxmi, Manohar Chaturvedi debarred 5 years · WTM: Viraj, Josh, E-Ally, Sandeep, Shree Jaisal, Neeta debarred 5 yearsAppeal: 10 SAT appeals 335,403,404,448,449/2021;12,35,68/2022;450,451/2022 heard 25.04.2023 decided 30.10.2023
- Front-running of Sterling group trades by Manish Chaturvedi with aid of family and connected entities using advance knowledge of Sterling orders.WTM: Manish Chaturvedi debarred 7 years; Laxmi and Manohar Chaturvedi debarred 5 years with joint disgorgement · WTM: Viraj Mercantile, Abhinandan Ranka, Josh Trading debarred 5 yearsAppeal: Ten appeals (335,403,404,448,449/2021;12,35,68,450,451/2022) against WTM order 18 Dec 2020 and AO orders; hearing 25.04.2023, decision 30.10.2023, clubbed together
- Alleged front-running of Sterling group trades by Manish Chaturvedi using 7 trading accounts of family and connected entities including via Sharekhan accounts.Appeal: Ten appeals Nos.335/2021,403/2021,404/2021,448/2021,449/2021,12/2022,35/2022,68/2022,450/2022,451/2022; hearing 25.04.2023, decision 30.10.2023; operative SAT disposal not in excerpt
Source: SecMarx — Viraj Mercantile Pvt. Ltd.. 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.