submitted on behalf of the
appellants that without giving inspection of
documents and without permitting cross-examination,
the WTM could not have proceeded to pass ... books of
Satyam were inflated/ manipulated for several years. However, appellants
contend that without giving inspection of documents sought for and
without permitting cross-examination
happened to be
their auditor. The ITD had found certain documents suggesting
manipulation in the share price of "MIL". The reference stated that ... Management Services Private Limited (Taitan)
ITD also forwarded certain documents which indicated an agreement for
manipulation of "MIL" share price and profit sharing
happened to be their auditor. The ITD had found certain documents suggesting
manipulation in the share price of MIL. The reference stated that the following ... traceable at their given addresses. ITD also forwarded
certain documents which indicated an agreement for manipulation of MIL share
price and profit sharing between
price.
xvi. Statement of such persons.
xvii. Documents / statements showing the intention of the
Noticee to manipulate price.
xviii. Details of notices issued to / enquiry ... after the final hearing that some of the documents and a few legible
copies of certain documents were provided
Dalal & Shah Mumbai.
10. The show cause notice is a voluminous document. In a nutshell,
the respondent directed the appellants to show cause ... verifying the accounting systems and internal
controls of SCSL, though accounting manipulations were
going on "quarter after quarter" over the course of eight
counsel also sought to contend that there are
discrepancies and manipulations in the loan documents that were produced before
the Board and the ones annexed
original
document cannot be disputed and, in any case, the
appellants especially the Company and Managing
Director had copies of these documents ... appellants who
disputes it to prove that the document is forged or its
contents are manipulated and its signatures are not of
their Directors
provided with all necessary documents with
the SCN. It may be mentioned that documents on basis of
which charges were framed and SCN was issued ... master
mind of manipulation of scrip ASCL, and that appellate signed documents,
at instance of Sunil Mehta, to opening a trading account with Triveni
funds contrary to the statement made in the offer
document was with a manipulative and deceitful intention is evident from
the fact that as soon ... directors resorted
to manipulative and deceitful method to suppress material information
from the offer documents which in violation of PFUTP Regulations.
18. It is also
submitted that the company's offer document was cleared and simultaneously investigation into the price manipulation in the shares of the company was ordered ... document the company was directed to disclose an additional risk factor in the offer document and accordingly it was disclosed in the offer document that
