Worthy Distributors Private Limited
Penalties and directions recorded
- Deposit Rs 4.41 Crores (50% of Rs 8.82 Cr) with SEBI and maintain Rs 4.41 Cr balance in demat during adjudication
- Permitted to sell securities up to Rs 4.41 Crores to fund the deposit
SAT-appeal
- Alleged front running by Pragnesh Sushilkumar Sanghvi via trading agreement; appellant alleged unlawful gain of Rs 8.82 CroresDeposit Rs 4.41 Crores (50% of Rs 8.82 Cr) with SEBI and maintain Rs 4.41 Cr balance in demat during adjudication · Permitted to sell securities up to Rs 4.41 Crores to fund the depositAppeal: Appeal No. 93 of 2025 filed under Section 15T disposed of on 13 March 2025
- SAT matter SATV-3C3BC4431B2E0D8C409EDB4DMiscellaneous Application No. 473 of 2025 seeking a two-week extension from 17 April 2025 to comply with the order dated 13 March 2025 was allowed and disposed of. · Miscellaneous Application No. 477 of 2025 was disposed of; the order dated 13 March 2025 was corrected as agreed.Appeal: Appeal No. 93 of 2025 was mentioned before SAT on 17 April 2025; the order records interlocutory applications but does not dispose of the appeal.
- SAT matter SATV-4251850B296A0387E5417B99Matter adjourned by consent to 13 March 2025Appeal: Appeal No. 93 of 2025; order dated 7 March 2025; adjourned to 13 March 2025
Source: SecMarx — Worthy Distributors Private Limited. 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.