| S.No. |
PERSON |
ENTITY |
REGULATORY CHARGES |
REGULATORY ACTION(S) / DATE OF ORDER |
FURTHER DEVELOPMENTS |
| 1 |
|
ARNAV KUMAR MAZUMDER
|
|
|
DIVERTED FUNDS IN VIOLATION OF ATTACHMENT DIRECTIVES/INSTRUCTIONS/GUIDELINES OF SEBI AND HON’BLE SUPREME COURT’S ORDER
|
DIRECTED TO ATTACH BANK ACCOUNTS
14-SEP-2017
|
SEBI VIDE ITS ORDER DATED 14/09/2017 DIRECTED THAT IN COMPLIANCE OF THE HON’BLE SUPREME COURT ORDER DATED 25/07/2016, ATTACHMENT PROCEEDINGS IN RESPECT OF ENTITIES TO THE EXTENT OF THE FUNDS TRANSFERRED BY NIRMAL CHHAYA INSURANCE SERVICES LTD., PEARLS INFRASTRUCTURE PROJECTS LTD., PEARLS TOURISM LTD. AND LAKSHMI SMOU LTD. SHALL REMAIN IN FORCE
|
| 2 |
|
|
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
|
| 3 |
|
|
MRITYUNJAY PRASAD ROY
|
|
|
DIVERTED FUNDS IN VIOLATION OF ATTACHMENT DIRECTIVES/INSTRUCTIONS/GUIDELINES OF SEBI AND HON’BLE SUPREME COURT’S ORDER
|
DIRECTED TO ATTACH BANK ACCOUNTS
14-SEP-2017
|
SEBI VIDE ITS ORDER DATED 14/09/2017 DIRECTED THAT IN COMPLIANCE OF THE HON’BLE SUPREME COURT ORDER DATED 25/07/2016, ATTACHMENT PROCEEDINGS IN RESPECT OF ENTITIES TO THE EXTENT OF THE FUNDS TRANSFERRED BY NIRMAL CHHAYA INSURANCE SERVICES LTD., PEARLS INFRASTRUCTURE PROJECTS LTD., PEARLS TOURISM LTD. AND LAKSHMI SMOU LTD. SHALL REMAIN IN FORCE
|
| 4 |
|
|
PAVITRA SHRIGYAN
|
|
|
DIVERTED FUNDS IN VIOLATION OF ATTACHMENT DIRECTIVES/INSTRUCTIONS/GUIDELINES OF SEBI AND HON’BLE SUPREME COURT’S ORDER
|
DIRECTED TO ATTACH BANK ACCOUNTS
14-SEP-2017
|
SEBI VIDE ITS ORDER DATED 14/09/2017 DIRECTED THAT IN COMPLIANCE OF THE HON’BLE SUPREME COURT ORDER DATED 25/07/2016, ATTACHMENT PROCEEDINGS IN RESPECT OF ENTITIES TO THE EXTENT OF THE FUNDS TRANSFERRED BY NIRMAL CHHAYA INSURANCE SERVICES LTD., PEARLS INFRASTRUCTURE PROJECTS LTD., PEARLS TOURISM LTD. AND LAKSHMI SMOU LTD. SHALL REMAIN IN FORCE
|
| 5 |
|
|
PULOMA DUSHYANT DALAL
(PAN:AAEPD2909B)
|
|
|
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
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 APPLICANT 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 BECOME INFRUCTUOUS AND DISPOSED OFF ACCORDINGLY WITH NO ORDER AS TO COSTS
SAT: APPEAL FAILED AND DISMISSED. NO ORDER AS TO 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
|
| 6 |
|
|
RASHMI GARG
|
|
|
DIVERTED FUNDS IN VIOLATION OF ATTACHMENT DIRECTIVES/INSTRUCTIONS/GUIDELINES OF SEBI AND HON’BLE SUPREME COURT’S ORDER
|
DIRECTED TO ATTACH BANK ACCOUNTS
18-AUG-2017
|
SEBI VIDE ITS ORDER DATED 18/08/2017 DISALLOWED THE CLAIMS/OBJECTIONS OF THE TRANSFEREES ON ATTACHMENT TO THEIR BANK ACCOUNTS VIDE NOTICES DATED 13/01/2017. COMPLIANCE OF THE HON’BLE SUPREME COURT ORDER DATED 25/07/2016 THE ATTACHMENT PROCEEDINGS IN RESPECT OF BANK ACCOUNTS OF MS.UPMA GARG AND MS.RASHMI GARG TO THE EXTENT OF RS.3 CRORES AS TRANSFERRED BY PEARLS INFRASTRUCTURE PROJECTS LTD., SHALL REMAIN IN FORCE
|
| 7 |
|
|
UPMA GARG
|
|
|
DIVERTED FUNDS IN VIOLATION OF ATTACHMENT DIRECTIVES/INSTRUCTIONS/GUIDELINES OF SEBI AND HON’BLE SUPREME COURT’S ORDER
|
DIRECTED TO ATTACH BANK ACCOUNTS
18-AUG-2017
|
SEBI VIDE ITS ORDER DATED 18/08/2017 DISALLOWED THE CLAIMS/OBJECTIONS OF THE TRANSFEREES ON ATTACHMENT TO THEIR BANK ACCOUNTS VIDE NOTICES DATED 13/01/2017. COMPLIANCE OF THE HON’BLE SUPREME COURT ORDER DATED 25/07/2016 THE ATTACHMENT PROCEEDINGS IN RESPECT OF BANK ACCOUNTS OF MS.UPMA GARG AND MS.RASHMI GARG TO THE EXTENT OF RS.3 CRORES AS TRANSFERRED BY PEARLS INFRASTRUCTURE PROJECTS LTD., SHALL REMAIN IN FORCE
|
| 8 |
|
|
VIPIN SHUKLA
|
|
|
DIVERTED FUNDS IN VIOLATION OF ATTACHMENT DIRECTIVES/INSTRUCTIONS/GUIDELINES OF SEBI AND HON’BLE SUPREME COURT’S ORDER
|
DIRECTED TO ATTACH BANK ACCOUNTS
14-SEP-2017
|
SEBI VIDE ITS ORDER DATED 14/09/2017 DIRECTED THAT IN COMPLIANCE OF THE HON’BLE SUPREME COURT ORDER DATED 25/07/2016, ATTACHMENT PROCEEDINGS IN RESPECT OF ENTITIES TO THE EXTENT OF THE FUNDS TRANSFERRED BY NIRMAL CHHAYA INSURANCE SERVICES LTD., PEARLS INFRASTRUCTURE PROJECTS LTD., PEARLS TOURISM LTD. AND LAKSHMI SMOU LTD. SHALL REMAIN IN FORCE
|
| The regulatory charges/regulatory actions may be fully or partly applicable to the entities/persons mentioned in the second column. |
