Order in the matter of front running by Ashish S Parekh and Connected Entities
What is this order about?
SEBI issued a final order against Ashish S Parekh and connected entities for front running the trades of a Big Client (Paresh N Bhagat) at Mangal Keshav Financial Services LLP (MKFS).
Who it concerns
Ashish S Parekh, Dipa Ashish Parekh, Kashmira Joshi, Nikhil Hirachand Jain, Nikhil Hirachand Jain HUF, Alpesh Hirachand Jain HUF, Nagendra S Dubey HUF, Sushma Nagendra Dubey (through legal heirs), Jagruti Atul Pithadia, Sahil Atul Pithadia, Rajesh Joshi, Chirag Atul Pithadia, Nagendra S Dubey
What was found or directed
- SEBI found front running of Big Client's trades by Noticees 1-9 (Front Runners) and Noticees 10-13 (Information Carriers)
- Noticees 1-11 restrained from trading securities until further orders
- INR 125.25 lakhs impounded as unlawful gains
- Noticees directed to open escrow account and deposit impounded amount within 15 days
- Noticees directed to provide full asset inventory within 15 days
- Banks and depositories directed to freeze accounts until deposit is made
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/KV/IVD-2/ID18/31968/2025-26 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
No automated observations for this document. Read the documents below directly.
Documents
The original government PDF is the authoritative source — shown below, or open it full-screen in a new tab.
Discussion (0)
Citizens discussing these documents. A discussion space — nothing here is verified fact or an official finding. Reading is free; sign in to take part.
Open discussion (0) →