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Adjudication Order in respect of 13 Entities in the matter of Sital Leasing and Finance Limited

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Court :
SEBI

Brief :
UNDER SECTION 15-IOF SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITHRULE 5 OF SEBI (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES) RULES, 1995.

Citation :
ADJUDICATION ORDER NO. Order/MC/HP/2020-21/9247-9259

BEFORE THE ADJUDICATING OFFICER
SECURITIES AND EXCHANGE BOARD OF INDIA
[ADJUDICATION ORDER NO. Order/MC/HP/2020-21/ 9247-9259]

UNDER SECTION 15-I OF SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 READ WITH RULE 5 OF SEBI (PROCEDURE FOR HOLDING INQUIRY AND IMPOSING PENALTIES) RULES, 1995.

In respect of –

1) Utsav Securities Pvt Ltd (PAN: AAACU1214B) having address at-203, Aman Chambers, Pusa Road, Rajinder Place Metro Station, Delhi, India -110060 and 3198/15, 4th Floor, Street No-1, SangatRashanPahar Ganj, New Delhi, India - 110055.
Email Id –utsavsecurities@gmail.com

2) Amita Singla (PAN: AARPS4425J) having address at-House No. K-103, South City-1, Gurgaon, Haryana India – 122001 and
21/4, Geeta Mandir Marg, New Rajinder Nagar, New Delhi, India – 110060.
Email Id – singlaconst@hotmail.com

3) Ramesh Kumar Singla HUF (PAN: AAKHR1241L) having address at-House No. K-103, South City-1, Gurgaon, Haryana, India -122001 and 21/4, Geeta Mandir Marg, New Rajinder Nagar, New Delhi, India – 110060.
Email Id – singlaconst@hotmail.com

4) Sachin Goel (PAN: AAEPG2497B) having address at-C-52, RohitKunjPitampura, New Delhi, India -110034.
Email Id – sachinrspharma@gmail.com

5) Sameer Goel (PAN: AAEPG2496A) having address at-C-52, Rohit Kunj, Pitampura, Delhi, India – 110034.
Email Id – sg@kimiabiosciences.com

6) Mekaster Finlease Pvt Ltd (PAN: AAACM0352N) having address at-Jain Bhawan, 16/121-122, Faiz Road, Karol Bagh, Near Lal Masjid New Delhi, India -110005.
Email Id – mekaster_fl@rocketmail.com

7) Deepak Kumar (PAN: CQOPK2093M )having address at-132, Near MohataBhawan, Dungargarh, Ward No-5, Sridungargarh, Th-Sridungargarh, Bikaner, Rajasthan, India - 331803 and Kalu Bass, Ward No 3, Sri Dungargarh, Churu, Rajasthan, India - 331803 and 22, Rajindra Park, Delhi, India - 110060.
Email Id – deepakbhojak15@gmail.com

8) Sanwar Mal Nai(PAN: AXDPN8198C) having address at-Jain Bhawan. 16/121/122, Faiz Road, Karol Bagh, New Delhi, India- 110005 and Ward No- 29 Kalubass, Near Dadhe Mata Mandir, Shri Dungargarh, Bikaner, Rajasthan, India – 331803.
Email Id – sanwarmalnai8@gmail.com

9) Priti Jain (PAN: AAKPJ4836F) having address at-555, Double Storey, New Rajinder Nagar, New Delhi, India -110060.
Email Id – jain5k555@gmail.com, virendrajain36@gmail.com

10) Virendra Jain (PAN: AAGPJ3319P) having address at-555, Double Storey, New Rajinder Nagar, New Delhi, India -110060.
Email Id – virendrajain36@gmail.com

11) Babita Jain (PAN: AGNPJ6077B) having address at-555, Double Storey, New Rajinder Nagar, New Delhi, India -110060.
Email Id – babitajain2003@gmail.com, virendrajain36@gmail.com

12) Avail Financial Services Pvt Ltd (PAN: AADCA5834G) having address at-2055-56, 3rd Floor, Gali No- 6, ChunaMandi, New Delhi, India - 110055.
Email Id – availf@yahoo.com

13) Bharat Bhushan (PAN: AMVPB5907A) having address at-Flat No 511, Pocket 6, Sector B/4, Narela, North West Delhi, India-110040 and 511/B4 PH 1, Punjabi Colony, VillTikriKhurd, Delhi, India - 110040.
Email Id – sharmab668@gmail.com, bharat.lucky_1982@rediffmail.com

In the matter of Sital Leasing and Finance Limited

BACKGROUND

1. Securities and Exchange Board of India (hereinafter referred to as, ‘SEBI’), initiated adjudication proceedings under section 15HAof Securities and Exchange Board of India Act, 1992 (hereinafter referred to as, ‘SEBI Act’) against Utsav Securities Pvt Ltd (the Noticee 1), Amita Singla (the Noticee 2), Ramesh Kumar Singla HUF (the Noticee 3), Sachin Goel (the Noticee 4), Sameer Goel (the Noticee 5), Mekaster Finlease Pvt Ltd (the Noticee 6), Deepak Kumar (the Noticee 7), Sanwar Mal Nai(the Noticee 8), Priti Jain (the Noticee 9), Virendra Jain (the Noticee 10), Babita Jain (the Noticee 11), Avail Financial Services Pvt Ltd (the Noticee 12) and Bharat Bhushan (the Noticee 13) for the alleged violations of Section 12A (a), (b), (c) of SEBI Act read with Regulations 3 (a), (b), (c), (d), 4 (1) and 4 (2) (a) (e) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to the Securities Market) Regulations, 2003 (hereinafter referred to as, (‘PFUTP Regulations’) pursuant to investigation in the matter of trading activities of certain entities in the scrip of Sital Leasing and Finance Limited(hereinafter referred to as,Company/SLFL/Scrip).The Noticee 1 to 13 are collectively referred to as 'Noticees'.

To read more in details, find the enclosed file

 

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on 30 September 2020
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