| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 21 |
|
DEEPAKKUMAR SHANTILAL JAIN
|
|
|
MADE APPLICATIONS IN FICTITIOUS NAMES/USED BENAMI APPLICATIONS FOR OBTAINING HIGHER ALLOTMENT IN IPOS OF VARIOUS COMPANIES
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-APR-2006 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 27-APR-2006 TILL FURTHER ORDERS
IMPOSED PENALTY RS.10,00,000
27-APR-2006
DIRECTED TO DISGORGE RS.54,76,653
31-DEC-2008
|
CONFIRMED INTERIM ORDER DATED APR. 27,2006
SAT: APPEAL DISPOSED OFF, WITH DIRECTION TO SEBI TO COMPLETE ENQUIRIES BEFORE 31/10/2008.ADJUDICATION PROCEEDINGS SHOULD ALSO BE DISPOSED OF BEFORE END OF OCTOBER THIS YEAR
ORDERED TO DISGORGE UNLAWFUL GAIN OF RS.54,76,653 AND INTEREST @10% P.A. FROM DATE OF LISTING OF IDFC I.E. 12/08/2005 AND RESTRAINED FROM BUYING, SELLING OR DEALING IN SECURITIES MARKET IN ANY MANNER WHATSOVER OR ACCESSING SECURITIES MARKET EITHER DIRECTLY OR INDIRECTLY FOR A PERIOD OF TWO YEARS. IN CASE AFORESAID AMOUNT IS NOT DISGORGED WITHIN SPECIFIED TIME, SHALL BE PUNISHED FOR AN ADDITIONAL PERIOD OF TEN YEARS
PENALTY IMPOSED RS.10,000,00 VIDE ADJUDICATION OFFICER, ORDER DATED 31/12/2008
SAT: APPEAL ALLOWED AND AD-INTERIM EX-PARTE ORDER DATED 27/04/2006 SET ASIDE LEAVING PARTIES TO BEAR THEIR OWN COSTS
INCLUDED IN SEBI LIST DATED 31/12/2017, AS DEFAULTER IN PAYMENT OF PENALTY IMPOSED BY SEBI
|
| 22 |
|
|
DEVANGI DIPAKBHAI PANCHAL
|
|
|
FACILITATED IN MANIPULATING IPO OF INFRASTRUCTURE DEVELOPMENT FINANCE CO.LTD. BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS AND LATER ON SELL THEM IN MARKET AT HIGHER PRICE FOR UNJUST ENRICHMENT
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 25-FEB-2011 TO 24-MAY-2011
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 25-FEB-2011 TO 24-MAY-2011
DIRECTED TO DISGORGE RS.13,51,57,917
12-JAN-2006
|
SEBI VIDE ITS ORDER DATED 25/02/2011 DIRECTED 1.NOT TO BUY, SELL OR DEAL IN SECURITIES MARKET IN ANY MANNER WHATSOEVER OR ACCESS SECURITIES MARKET,DIRECTLY OR INDIRECTLY FOR THREE MONTHS FROM DATE OF ORDER 2.TO DISGORGE RS.13,51,57,917 (UNLAWFUL GAIN OF RS.9,01,05,278 AND INTEREST RS.4,50,52,639) WITHIN 45 DAYS FROM DATE OF ORDER OTHERWISE PERIOD OF RESTRAINT WILL BE FURTHER PERIOD OF NINE YEARS (SUPERSEDED ALL DIRECTION ISSUED VIDE INTERIM ORDERS DATED 15/12/2005, 12/01/2006, AND 27/04/2006)
SEBI VIDE ITS ORDER DATED 30/03/2016 DIRECTED NOTICEES TO CO-OPERATE WITH SEBI DURING EXAMINATION AND SUBMIT ALL THE DOCUMENTS IN THEIR POSSESSION THAT MAY BE CALLED FOR BY SEBI
SAT: SAT VIDE ITS ORDER DATED 27/09/2023 CONDONED THE DELAY IN FILING OF APPEAL. DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 04/12/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 24/01/2024 CONDONED THE DELAY IN FILING OF REPLY AND REJOINDER
|
| 23 |
|
|
DEVANGI DIPAKBHAI PANCHAL
|
|
|
MADE APPLICATIONS IN FICTITIOUS NAMES/USED BENAMI APPLICATIONS FOR OBTAINING HIGHER ALLOTMENT IN IPO OF YES BANK LTD.
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 15-DEC-2005 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 15-DEC-2005 TILL FURTHER ORDERS
15-DEC-2005
DIRECTED TO DISGORGE RS.13,51,57,917
25-FEB-2011
|
SEBI VIDE ITS ORDER DATED 25/02/2011 DIRECTED 1.NOT TO BUY, SELL OR DEAL IN SECURITIES MARKET IN ANY MANNER WHATSOEVER OR ACCESS SECURITIES MARKET,DIRECTLY OR INDIRECTLY FOR THREE MONTHS FROM DATE OF ORDER 2.TO DISGORGE RS.13,51,57,917 (UNLAWFUL GAIN OF RS.9,01,05,278 AND INTEREST RS.4,50,52,639) WITHIN 45 DAYS FROM DATE OF ORDER OTHERWISE PERIOD OF RESTRAINT WILL BE FURTHER PERIOD OF NINE YEARS (SUPERSEDED ALL DIRECTION ISSUED VIDE INTERIM ORDERS DATED 15/12/2005, 12/01/2006, AND 27/04/2006)
SEBI VIDE ITS ORDER DATED 30/03/2016 DIRECTED NOTICEES TO CO-OPERATE WITH SEBI DURING EXAMINATION AND SUBMIT ALL THE DOCUMENTS IN THEIR POSSESSION THAT MAY BE CALLED FOR BY SEBI
SAT: SAT VIDE ITS ORDER DATED 27/09/2023 CONDONED THE DELAY IN FILING OF APPEAL. DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER
SEBI VIDE ITS ORDER DATED 30/03/2016 DIRECTED NOTICEES TO CO-OPERATE WITH SEBI DURING EXAMINATION AND SUBMIT ALL THE DOCUMENTS IN THEIR POSSESSION THAT MAY BE CALLED FOR BY SEBI
SAT: SAT VIDE ITS ORDER DATED 04/12/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 24/01/2024 CONDONED THE DELAY IN FILING OF REPLY AND REJOINDER
|
| 24 |
|
|
DEVANGI DIPAKBHAI PANCHAL
|
|
|
FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 25-FEB-2011 TO 24-MAY-2011
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 25-FEB-2011 TO 24-MAY-2011
DIRECTED TO DISGORGE RS.13,51,57,917
27-APR-2006
|
CONFIRMED AD-INTERIM EX-PARTE ORDER DATED 27/04/2006 AND DIRECTED NOT TO BUY, SELL OR DEAL IN THE SECURITIES INCLUDING INITIAL PUBLIC OFFERING UNTIL FURTHER ORDERS
DIRECTED VIDE ORDER DATED 13/08/2010 1.COMPLETE ALL NECESSARY FORMALITIES RELATED TO SALE OF 1,06,450 SHARES OF HSBC INVEST DIRECT INDIA LTD. TO ACQUIRERS WITHIN 15 DAYS FROM DATE OF THIS ORDER 2.NSDL AND KARVY SHALL TRANSFER AFORESAID SHARES TO SPECIAL DEPOSITORY ACCOUNT, MAINTAINED BY MANAGER TO THE OFFER (SBICAP) AND 3.SBICAP SHALL TRANSFER ENTIRE SALE PROCEED TO SPECIAL DEPOSITORY ACCOUNT WHICH WILL BE INVESTED BY SEBI IN FDS AND SHALL USE THE SAME TOWARDS CONTINGENT LIABILITY AGAINST DEVANGI AND ANY TAX LIABILITY WILL BE BORNE BY DEVANGI
SEBI VIDE ITS ORDER DATED 25/02/2011 DIRECTED 1.NOT TO BUY, SELL OR DEAL IN SECURITIES MARKET IN ANY MANNER WHATSOEVER OR ACCESS SECURITIES MARKET,DIRECTLY OR INDIRECTLY FOR THREE MONTHS FROM DATE OF ORDER 2.TO DISGORGE RS.13,51,57,917 (UNLAWFUL GAIN OF RS.9,01,05,278 AND INTEREST RS.4,50,52,639) WITHIN 45 DAYS FROM DATE OF ORDER OTHERWISE PERIOD OF RESTRAINT WILL BE FURTHER PERIOD OF NINE YEARS (SUPERSEDED ALL DIRECTION ISSUED VIDE INTERIM ORDERS DATED 15/12/2005, 12/01/2006, AND 27/04/2006)
SEBI VIDE ITS ORDER DATED 30/03/2016 DIRECTED NOTICEES TO CO-OPERATE WITH SEBI DURING EXAMINATION AND SUBMIT ALL THE DOCUMENTS IN THEIR POSSESSION THAT MAY BE CALLED FOR BY SEBI
SAT: SAT VIDE ITS ORDER DATED 27/09/2023 CONDONED THE DELAY IN FILING OF APPEAL. DIRECTED RESPONDENT TO FILE REPLY WITHIN THREE WEEKS FROM DATE OF THIS ORDER AND REJOINDER TO BE FILED WITHIN THREE WEEKS THEREAFTER
SAT: SAT VIDE ITS ORDER DATED 04/12/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 24/01/2024 CONDONED THE DELAY IN FILING OF REPLY AND REJOINDER
|
| 25 |
|
|
DHARMESH BHUPENDRA M. (AKA. D.B.MEHTA)
|
|
|
FACILITATED IN MANIPULATING IPO OF INFRASTRUCTURE DEVELOPMENT FINANCE CO.LTD. BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS AND LATER ON SELL THEM IN MARKET AT HIGHER PRICE FOR UNJUST ENRICHMENT
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 12-JAN-2006 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 12-JAN-2006 TILL FURTHER ORDERS
12-JAN-2006
|
|
| 26 |
|
|
DHARMESH BHUPENDRA M. (AKA. D.B.MEHTA)
|
|
|
MADE APPLICATIONS IN FICTITIOUS NAMES/USED BENAMI APPLICATIONS FOR OBTAINING HIGHER ALLOTMENT IN IPOS OF VARIOUS COMPANIES
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-APR-2006 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 27-APR-2006 TILL FURTHER ORDERS
27-APR-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.33,72,056, DISGORGEMENT AMOUNT (PAYABLE TO INVESTORS) RS.84,30,140 VIDE CONSENT ORDER)
01-FEB-2010
|
CONFIRMED INTERIM ORDER DATED APR. 27,2006
AD-INTERIM EX-PARTE ORDER DATED 27/04/2006 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.33,72,056 TOWARDS SETTLEMENT CHARGES AND RS.84,30,140 TOWARDS DISGORGEMENT AMOUNT (PAYABLE TO INVESTORS), AS PER CONSENT ORDER DATED 01/02/2010
|
| 27 |
|
|
DHARMESH K.KATAKIA
|
|
|
MADE APPLICATIONS IN FICTITIOUS NAMES/USED BENAMI APPLICATIONS FOR OBTAINING HIGHER ALLOTMENT IN IPOS OF VARIOUS COMPANIES
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-APR-2006 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 27-APR-2006 TILL FURTHER ORDERS
27-APR-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.23,10,738, DISGORGEMENT AMOUNT (PAYABLE TO INVESTORS) RS.77,02,460 VIDE CONSENT ORDER)
08-JAN-2010
|
AD-INTERIM EX-PARTE ORDER DATED 27/04/2006 DISPOSED OFF, AS APPLICANT AGREED TO PAY 77,02,460 TOWARDS DISGORGEMENT (PAYABLE TO INVESTORS) AND RS.23,10,738 TOWARDS SETTLEMENT CHARGES, AS PER CONSENT ORDER DATED 08/01/2010
|
| 28 |
|
|
DHAVAL A.MEHTA
(PAN:ALKPM2611G)
|
|
|
MADE APPLICATIONS IN FICTITIOUS NAMES/USED BENAMI APPLICATIONS FOR OBTAINING HIGHER ALLOTMENT IN IPO OF INFRASTRUCTURE DEVELOPMENT FINANCE CO.LTD.
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-APR-2006 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 27-APR-2006 TILL FURTHER ORDERS
27-APR-2006
DIRECTED TO DISGORGE RS.72,00,000
31-OCT-2008
|
CONFIRMED INTERIM ORDER DATED APR. 27,2006
SAT: APPEAL DISPOSED OFF, WITH DIRECTION TO SEBI TO COMPLETE ENQUIRIES BEFORE 31/10/2008.ADJUDICATION PROCEEDINGS SHOULD ALSO BE DISPOSED OF BEFORE END OF OCTOBER THIS YEAR
SAT: APPEAL FAILED AND DISMISSED WITH COSTS OF RS.1,00,000
ORDERED TO (A) DISGORGE RS.72 LAKH AGAINST UNLAWFUL GAIN AND INTEREST @10% THEREON FROM DATE OF LISTING OF IDFC IPO TILL DATE OF ACTUAL DISGORGEMENT
(B) RESTRAINED FROM BUYING, SELLING OR DEALING IN SECURITIES MARKET IN WHATSOEVER MANNER OR ACCESSING SECURITIES MARKET, DIRECTLY OR INDIRECTLY FOR A FURTHER PERIOD OF 2 YEARS FROM THE DATE OF THIS ORDER. IN CASE AMOUNT IS NOT DISGORGED WITHIN SPECIFIED TIME, PERIOD OF RESTRAINED WILL BE EXTENDED BY ADDITIONAL 5 YEARS
ORDERED TO (A) DISGORGE RS.72 LAKH AGAINST UNLAWFUL GAIN AND INTEREST @10% THEREON FROM DATE OF LISTING OF IDFC IPO TILL DATE OF ACTUAL DISGORGEMENT
(B) RESTRAINED FROM BUYING, SELLING OR DEALING IN SECURITIES MARKET IN WHATSOEVER MANNER OR ACCESSING SECURITIES MARKET, DIRECTLY OR INDIRECTLY FOR A FURTHER PERIOD OF 2 YEARS FROM THE DATE OF THIS ORDER. IN CASE AMOUNT IS NOT DISGORGED WITHIN SPECIFIED TIME, PERIOD OF RESTRAINED WILL BE EXTENDED BY ADDITIONAL 5 YEARS
SEBI VIDE ITS NOTICE DATED 13/01/2014 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SEBI VIDE ITS ORDER DATED 14/11/2014 DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS/LOCKERS AND DEMAT ACCOUNTS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 13/01/2014
|
| 29 |
|
|
DHAVAL K.KATAKIA
|
|
|
MADE APPLICATIONS IN FICTITIOUS NAMES/USED BENAMI APPLICATIONS FOR OBTAINING HIGHER ALLOTMENT IN IPOS OF VARIOUS COMPANIES
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-APR-2006 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 27-APR-2006 TILL FURTHER ORDERS
27-APR-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,35,720, DISGORGEMENT AMOUNT (PAYABLE TO INVESTORS) RS.41,19,068 VIDE CONSENT ORDER)
08-JAN-2010
|
AD-INTERIM EX-PARTE ORDER DATED 27/04/2006 DISPOSED OFF, AS APPLICANT AGREED TO PAY 41,19,068 TOWARDS DISGORGEMENT (PAYABLE TO INVESTORS) AND RS.12,35,720 TOWARDS SETTLEMENT CHARGES, AS PER CONSENT ORDER DATED 08/01/2010
|
| 30 |
|
|
DHAVAL NARENDRA DADIA
|
|
|
FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-APR-2006 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 27-APR-2006 TILL FURTHER ORDERS
27-APR-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.1,00,000, DISGORGEMENT AMOUNT (PAYABLE TO INVESTORS) RS.1,70,000 VIDE CONSENT ORDER)
05-JUN-2008
|
ORDER DATED 27/04/2006 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.170000 AGAINST NOTIONAL UNDUE GAIN AND RS.100000 AGAINST SETTLEMENT CHARGES, AS PER CONSENT ORDER DATED 05/06/2008
|
| 31 |
|
|
DIPAKBHAI JASWANTLAL PANCHAL
|
|
|
|
ZENET SOFTWARE LTD.
PAN:AAACZ0978K
|
|
FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-APR-2006 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 27-APR-2006 TILL FURTHER ORDERS
27-APR-2006
DIRECTED TO DISGORGE RS.10,74,97,161
25-FEB-2011
|
CONFIRMED AD-INTERIM EX-PARTE ORDER DATED 27/04/2006 AND DIRECTED NOT TO BUY, SELL OR DEAL IN THE SECURITIES INCLUDING INITIAL PUBLIC OFFERING UNTIL FURTHER ORDERS
SEBI VIDE ITS ORDER DATED 25/02/2011 DIRECTED 1. NOT TO BUY, SELL OR DEAL IN SECURITIES MARKET IN ANY MANNER WHATSOEVER OR ACCESS SECURITIES MARKET,DIRECTLY OR INDIRECTLY FOR THREE MONTHS FROM DATE OF ORDER 2.TO DISGORGE RS.10,74,97,161 (UNLAWFUL GAIN OF RS.7,16,64,774 AND INTEREST RS.3,58,32,387) WITHIN 45 DAYS FROM DATE OF ORDER OTHERWISE PERIOD OF RESTRAINT WILL BE FURTHER PERIOD OF NINE YEARS (SUPERSEDED ALL DIRECTION ISSUED VIDE INTERIM ORDERS DATED 12/01/2006 AND 27/04/2006)
SAT: SAT VIDE ITS ORDER DATED 21/10/2014 QUASHED AND SET ASIDED IMPUGNED ORDER DATED 25/02/2011 AND REMANDED THE MATTER FOR PASSING FRESH ORDER ON MERITS. NO COSTS
SEBI VIDE ITS ORDER DATED 30/03/2016 DIRECTED NOTICEES TO CO-OPERATE WITH SEBI DURING EXAMINATION AND SUBMIT ALL THE DOCUMENTS IN THEIR POSSESSION THAT MAY BE CALLED FOR BY SEBI
SAT: SAT VIDE ITS ORDER DATED 04/12/2023 ALLOWED APPELLANT THREE WEEKS TO FILE REJOINDER
SAT: SAT VIDE ITS ORDER DATED 24/01/2024 CONDONED THE DELAY IN FILING OF REPLY AND REJOINDER
|
| 32 |
|
|
DIPAKBHAI JASWANTLAL PANCHAL
|
|
|
FACILITATED IN MANIPULATING IPO OF INFRASTRUCTURE DEVELOPMENT FINANCE CO.LTD. BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS AND LATER ON SELL THEM IN MARKET AT HIGHER PRICE FOR UNJUST ENRICHMENT
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 12-JAN-2006 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 12-JAN-2006 TILL FURTHER ORDERS
12-JAN-2006
DIRECTED TO DISGORGE RS.10,74,97,161
25-FEB-2011
|
SEBI VIDE ITS ORDER DATED 25/02/2011 DIRECTED 1. NOT TO BUY, SELL OR DEAL IN SECURITIES MARKET IN ANY MANNER WHATSOEVER OR ACCESS SECURITIES MARKET,DIRECTLY OR INDIRECTLY FOR THREE MONTHS FROM DATE OF ORDER 2.TO DISGORGE RS.10,74,97,161 (UNLAWFUL GAIN OF RS.7,16,64,774 AND INTEREST RS.3,58,32,387) WITHIN 45 DAYS FROM DATE OF ORDER OTHERWISE PERIOD OF RESTRAINT WILL BE FURTHER PERIOD OF NINE YEARS (SUPERSEDED ALL DIRECTION ISSUED VIDE INTERIM ORDERS DATED 12/01/2006 AND 27/04/2006)
SAT: SAT VIDE ITS ORDER DATED 21/10/2014 QUASHED AND SET ASIDED IMPUGNED ORDER DATED 25/02/2011 AND REMANDED THE MATTER FOR PASSING FRESH ORDER ON MERITS. NO COSTS
|
| 33 |
|
|
DUSHYANT NATWARLAL DALAL
(PAN:AAAPD5859Q)
|
|
|
FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
|
DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-APR-2006 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 27-APR-2006 TILL FURTHER ORDERS
REFERRED THE MATTER TO "INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA" FOR NECESSARY ACTIONS
DIRECTED TO ATTACH BANK ACCOUNTS
27-APR-2006
DIRECTED TO DISGORGE RS.6,00,31,137 ALONG WITH OTHER ENTITIES/PERSONS
21-JUL-2009
|
CONFIRMED ORDER DATED 27/04/2006. AS RASILA NATWARLAL THAKORDAS AND NATWARLAL THAKORDAS EXPIRED, THEIR DEMAT A/C JOINTLY WITH DUSHYANT NATWARLAL DALAL WOULD FROZEN TILL THE PASSING OF FINAL ORDER
DIRECTED A) NOT TO BUY, SELL OR DEAL IN SECURITIES MARKET IN ANY MANNER WHATSOEVER OR ACCESS SECURITES MARKET DIRECTLY OR INDIRECTLY FOR A PERIOD OF 45 DAYS FROM DATE OF ORDER I.E. 21/07/2009 B) TO DISGORGE UNLAWFUL GAIN OF RS. 4.05 CRORE ALONGWITH RS.1.95 CRORE BEING SIMPLE INTEREST AT THE RATE OF 12% PER ANNUM FOR 4 YEARS (2005-09) ON UNLAWFUL GAIN OF RS.4.05 CRORE WITHIN 45 DAYS FROM DATE OF THIS ORDER C) IN CASE AFORESAID AMOUNT IS NOT PAID WITHIN SPECIFIED TIME, SHALL BE RESTRAINED FROM BUYING, SELLING OR DEALING IN SECURITIES MARKET IN ANY MANNER WHATSOEVER OR ACCESSING SECURITIES MARKET, DIRECTLY OR INDIRECTLY, FOR A FURTHER PERIOD OF SEVEN YEARS, WITHOUT PREJUDICE TO SEBI’S RIGHT TO ENFORCE DISGORGEMENT
SAT: APPEAL FAILED AND DISMISSED. NO ORDER AS TO COSTS
SAT: APPEAL BECOME INFRUCTUOUS AND DISPOSED OFF ACCORDINGLY. NO COSTS
SEBI VITED ITS ORDER DATED 07/11/2013 HAS ATTACHED VARIOUS BANK ACCOUNTS OF THE DEFAULTERS AND PURSUANT TO THIS A SUM OF RS.10,82,287.00 HAS BEEN RECOVERED. RECOVERY OF THE BALANCE DUES FROM THE OTHER BANK ACCOUNTS OF THE DEFAULTERS IS IN PROGRESS
SAT: SAT VIDE ITS ORDER DATED 17/01/2014 DIRECTED TO ATTACH JOINT DEMAT ACCOUNT NO.40333429 AND IN LIEU THEREOF ATTACHMENT LEVIED ON OTHER BANK ACCOUNTS OF APPELLANTS SHALL STAND RAISED FORTHWITH. NO COSTS
SAT: SAT VIDE ITS ORDER DATED 29/04/2014 QUASHED AND SET ASIDED IMPUGNED ORDER DATED 21/03/2014. NO COSTS
SEBI VIDE ITS ORDER DATED 27/06/2014 DISPOSED OFF THE REPRESENTATION DATED 12/02/2014. REQUEST MADE FOR VACATING THE RESTRAINT IMPOSED FOR NON-COMPLIANCE WITH DISGORGEMENT ORDER WITHIN STIPULATED TIME, CANNOT BE ACCEDED TO. OTHER SUBMISSIONS HAVE ALSO BEEN CONSIDERED AND OBSERVATIONS MADE ACCORDINGLY
SEBI VIDE ITS NOTICE DATED 25/09/2013 DIRECTED ALL THE BANKS IN INDIA AND/OR NSDL/CDSL TO 1. ATTACH ALL THE ACCOUNTS BY WHATEVER NAME CALLED INCLUDING LOCKERS EITHER SINGLY OR JOINTLY WITH ANY PERSON/S AND ALL OTHER AMOUNT/PROCEEDS DUE OR MAY BECOME DUE OR ANY MONEY HELD OR MAY SUBSEQUENTLY HOLD FOR ON ACCOUNT OF THE DEFAULTERS AND 2. NOT TO DEBIT ANY AMOUNT IN THE SAID ACCOUNT/S.HOWEVER CREDITS, IF ANY, INTO THE ACCOUNT MAY BE ALLOWED
SEBI VIDE ITS ORDER DATED 17/12/2013 DIRECTED ICICI BANK TO RELEASE TO 1/3RD OF BALANCE I.E., RS.1,779 TO MS.YUTI D.DALAL ON HER REQUEST, HOWEVER, THE BANK MAY NOTE THAT NO DEBIT SHALL BE PERMITTED IN THE SAID ACCOUNT UNTIL FURTHER ORDERS FROM RECOVERY OFFICER AS THE SAID ACCOUNT IS JOINTLY HELD WITH THE DEFAULTERS
SEBI VIDE ITS ORDER DATED 23/01/2014 DIRECTED ALL THE BANKS IN INDIA/NSDL/CDSL TO RELEASE ALL THE BANK ACCOUNTS/LOCKERS AND DEMAT ACCOUNTS OF THE DEFAULTERS WHICH WERE ATTACHED PURSUANT TO THE NOTICE OF ATTACHMENT DATED 18/10/2013
SAT: SAT VIDE ITS ORDER DATED 06/09/2016 DISPOSED OF THE APPEAL AS INFRUCTUOUS AS APPELLANTS HAVE ALREADY UNDERGO THE DEBARMENT AND NOTHING SERVIVED IN THE APPEAL. APPEAL DISPOSED OFF AS INFRUCTUOUS. NO COSTS
SAT: SAT VIDE ITS ORDER DATED 10/03/2017 DISMISSED THE APPEAL. AFTER THE JUDGEMENT WAS PRONOUNCED COUNSEL FOR THE APPELALANT AND RESPONDANTS SOUGHT STAY OF THIS DECISION. ACCORDINGLY DECISION WAS STAYED FOR A PERIOD OF 6 WEEKS FROM THE DATE OF THIS ORDER
SAT: APPELLANTS SEEK EXTENSION OF STAY GRANTED BY THIS TRIBUNAL ON 10/03/2017 IN APPEAL NO.41 OF 2014 FOR SUCH PERIOD AS THIS TRIBUNAL DEEMS FIT AND APPROPRIATE. APPEAL NO128 DISPOSED OFF ACCORDINGLY, NO COSTS
|
| 34 |
|
|
DUSHYANT NATWARLAL DALAL
(PAN:AAAPD5859Q)
|
|
|
|
EXCELL MULTITECH LTD.
|
|
|
SEER FINLEASE PVT.LTD.
|
|
|
TAURAS INFOSYS LTD.
|
|
|
ZENET SOFTWARE LTD.
PAN:AAACZ0978K
|
|
FACILITATED IN MANIPULATING IPO OF INFRASTRUCTURE DEVELOPMENT FINANCE CO.LTD. BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS AND LATER ON SELL THEM IN MARKET AT HIGHER PRICE FOR UNJUST ENRICHMENT
|
DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 12-JAN-2006 UNTIL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 12-JAN-2006 UNTIL FURTHER ORDERS
12-JAN-2006
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| 35 |
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GAUTAM N.JHAVERI
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FACILITATED IN MANIPULATING IPO OF INFRASTRUCTURE DEVELOPMENT FINANCE CO.LTD. BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS AND LATER ON SELL THEM IN MARKET AT HIGHER PRICE FOR UNJUST ENRICHMENT
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DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 12-JAN-2006 UNTIL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 12-JAN-2006 UNTIL FURTHER ORDERS
12-JAN-2006
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| 36 |
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GURMUKHDAS RAMESHKUMAR GIYAMALANI
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FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
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DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-APR-2006 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 27-APR-2006 TILL FURTHER ORDERS
27-APR-2006
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SEBI VIDE ITS ORDER DATED 18/08/2016 RECALLED THE RESTRAINT ORDER PASSED VIDE ITS AD-INTERIM EX-PARTE ORDER DATED 12/01/2006 AND CONFIRMEND VIDE ITS ORDER DATED 27/04/2016
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| 37 |
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HASMUKHLAL N.VORA
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FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
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DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-APR-2006 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 27-APR-2006 TILL FURTHER ORDERS
27-APR-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.22,23,158, DISGORGEMENT AMOUNT (PAYABLE TO INVESTORS) RS.2,20,76,842 VIDE CONSENT ORDER)
24-NOV-2008
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CONFIRMED INTERIM ORDER DATED APRIL 27, 2006
SAT: APPEAL DISPOSED OFF, WITH DIRECTION TO SEBI TO COMPLETE ENQUIRIES BEFORE 31/10/2008.ADJUDICATION PROCEEDINGS SHOULD ALSO BE DISPOSED OF BEFORE END OF OCTOBER THIS YEAR
AD INTERIM EX-PARTE ORDER DATED 27/04/2006 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.2,20,76,842 TOWARDS ALLEGED ILL-GOTTEN GAINS RS.22,23,158 TOWARDS SETTLEMENT CHARGES RS.9,00,000 TOWARDS COMPOUNDING CHARGES AND RS.1,00,000 TOWARDS LEGAL EXPENSES, AS PER CONSENT ORDER DATED 24/11/2008
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| 38 |
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HASMUKHLAL N.VORA
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FACILITATED IN MANIPULATING IPO OF INFRASTRUCTURE DEVELOPMENT FINANCE CO.LTD. BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS AND LATER ON SELL THEM IN MARKET AT HIGHER PRICE FOR UNJUST ENRICHMENT
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DEBARRED/RESTRAINED FROM BUYING/SELLING/DEALING/IPOS IN SECURITIES/SPECIFIED SCRIPS DIRECTLY/INDIRECTLY FROM 12-JAN-2006 UNTIL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 12-JAN-2006 UNTIL FURTHER ORDERS
12-JAN-2006
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| 39 |
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HEMLATA DESAI
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FACILITATED IN MANIPULATING IPOS OF VARIOUS COMPANIES BY PROVIDING FUNDS TO PURCHASE SHARES MEANT FOR RETAIL APPLICANTS
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DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-APR-2006 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 27-APR-2006 TILL FURTHER ORDERS
27-APR-2006
REACHED SETTLEMENT (SETTLEMENT CHARGES RS.12,540, DISGORGEMENT AMOUNT (PAYABLE TO INVESTORS) RS.77,460 ALONG WITH OTHER ENTITIES/PERSONS VIDE CONSENT ORDER)
12-AUG-2008
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ORDER DATED 27/04/2006 DISPOSED OFF, AS APPLICANT AGREED TO PAY RS.77460 AGAINST NOTIONAL UNDUE GAIN AND SETTLEMENT CHARGES OF RS.12540 JOINTLY WITH BAKUL DESAI AND CHIRAG DESAI AS PER CONSENT ORDER DATED 12/08/2008
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| 40 |
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HIMANI N.PATEL
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MADE APPLICATIONS IN FICTITIOUS NAMES/USED BENAMI APPLICATIONS FOR OBTAINING HIGHER ALLOTMENT IN IPO OF INFRASTRUCTURE DEVELOPMENT FINANCE CO.LTD.
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DEBARRED / RESTRAINED FROM ASSOCIATING WITH / ACCESSING CAPITAL MARKET / INTERMEDIARIES FROM 27-APR-2006 TILL FURTHER ORDERS
DIRECTED NOT TO BUY, SELL OF DEAL DIRECTLY OR INDIRECTLY IN ANY INITIAL PUBLIC OFFERING FROM 27-APR-2006 TILL FURTHER ORDERS
27-APR-2006
DIRECTED TO DISGORGE RS.33,52,636
31-OCT-2008
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CONFIRMED INTERIM ORDER DATED APR. 27,2006
SAT: APPEAL DISPOSED OFF, WITH DIRECTION TO SEBI TO COMPLETE ENQUIRIES BEFORE 31/10/2008.ADJUDICATION PROCEEDINGS SHOULD ALSO BE DISPOSED OF BEFORE END OF OCTOBER THIS YEAR
ORDERED TO (A) DISGORGE RS.3352636 AGAINST UNLAWFUL GAIN AND INTEREST @10% THEREON FROM DATE OF LISTING OF SUZLON IPO TILL DATE OF ACTUAL DISGORGEMENT
(B) RESTRAINED FROM BUYING,SELLING OR DEALING IN SECURITIES MARKET IN WHATSOEVER MANNER OR ACCESSING SECURITIES MARKET, DIRECTLY OR INDIRECTLY FOR A FURTHER PERIOD OF 3 YEARS FROM THE DATE OF THIS ORDER. IN CASE AMOUNT IS NOT DISGORGED WITHIN SPECIFIED TIME, PERIOD OF RESTRAINED WILL BE EXTENDED BY ADDITIONAL 4 YEARS
ORDERED TO (A) DISGORGE RS.3352636 AGAINST UNLAWFUL GAIN AND INTEREST @10% THEREON FROM DATE OF LISTING OF SUZLON IPO TILL DATE OF ACTUAL DISGORGEMENT
(B) RESTRAINED FROM BUYING,SELLING OR DEALING IN SECURITIES MARKET IN WHATSOEVER MANNER OR ACCESSING SECURITIES MARKET, DIRECTLY OR INDIRECTLY FOR A FURTHER PERIOD OF 3 YEARS FROM THE DATE OF THIS ORDER. IN CASE AMOUNT IS NOT DISGORGED WITHIN SPECIFIED TIME, PERIOD OF RESTRAINED WILL BE EXTENDED BY ADDITIONAL 4 YEARS
SAT: APPEAL FAILED AND DISMISSED WITH COSTS OF RS.50,000
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