Settlement Order in the matter of Mishka Finance and Trading Limited

Last updated: 30 September 2020

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This settlement order concerns Mishka Finance and Trading Limited (formerly Pyramid Trading Private Limited) and twelve applicants. The applicants faced proceedings for alleged fraudulent and unfair trade practices, including a significant rise in the company's share volume and price between February 2013 and December 2014. They have applied for settlement without admitting or denying the findings.

Court :
SEBI

Brief :
SETTLEMENT ORDER in Settlement Application bearing Nos. (I) 3904 of 2019 – i) Mr. Atul Moreshwar Save [PAN : ACHPS7762G], ii) Pritishkumar Chatterjee [PAN : ACRPC4740L], iii) Ms. Anjali Save [PAN : AEPPS9885J] and iv) Ms. Tripti Chatterjee [PAN : AFGPC0469L], (II) 3982 of 2019 – Mr. Atul Moreshwar Save [PAN : ACHPS7762G], (III) 3983 of 2019 – Mr. Pritishkumar Chatterjee [PAN : ACRPC4740L], (IV) 3984 of 2019 – Ms. Anjali Save [PAN : AEPPS9885J], (V) 3985 of 2019 – Ms. Tripti Chatterjee [PAN : AFGPC0469L], (VI) 3986 of 2019 – Mr. Jugal Ramesh Deorah [PAN : ACBPD1930D], (VII) 3987 of 2019 – Ms. Sonal Jugal Deorah [PAN : AGZPD3263D], (VIII) 3989 of 2019 – Mr. Jay Ketan Somaiya [PAN : BRSPS2170K], (IX) 3993 of 2019 – Mr. Harshal Ashok Kumat [PAN : AYDPK2960J], (X) 3999 of 2019 – Mr. Atul Sumatilal Kankaria [PAN : AYQPK5002J], (XI) 4000 of 2019 – Atul Sumatilal Kankaria HUF [PAN : AAMHA5122M], (XII) 4001 of 2019 – Ms. Priyanka Atul Kankaria [PAN : CLAPK0633E], and (XIII) 4002 of 2019 – Ms. Kajalkiran Sumatilal Kankaria [PAN : CAPPK0809Q] – in the matter of Mishka Finance and Trading Limited (formerly known as Pyramid Trading Private Limited).

Citation :
SO / EFD-2 / SD / 353 / SEPTEMBER / 2020

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