AKG Securities and Consultancy Ltd.

SAT-appeal

• Alleged coordinated manipulation of Biocon’s cash-market price during the final 40 minutes of trading on 29 June 2017 to increase the futures settlement price and generate wrongful gains.
  Appeal: Appeal Nos. 368, 371 and 497 of 2021; heard and reserved on 28 March 2025; order pronounced on 28 July 2025; disposition not included in the provided text.
• SAT matter SATV-0F5A32605AEAC40EED1B9167
  Appeal No. 368 of 2021, Appeal No. 371 of 2021 and Appeal No. 497 of 2021 adjourned on the appellants' request · Matters listed for 9 February 2022
  Appeal: Appeal Nos. 368, 371 and 497 of 2021 were adjourned on 10 January 2022 and listed for 9 February 2022; no disposal on merits
• SAT matter SATV-1190265E169AED4447C07212
  Appeals adjourned on the appellants' request · Matters listed for 6 July 2022
  Appeal: Appeal Nos. 368 of 2021, 371 of 2021 and 497 of 2021 were adjourned on 28 April 2022 and listed for 6 July 2022; no disposal on merits stated.
• SAT matter SATV-205AA2797C44103B608194BB
  Appeal No. 368 of 2021 adjourned at the appellant's request · Matters listed on 9 February 2022
  Appeal: Appeal Nos. 368, 371 and 497 of 2021 were listed; Appeal No. 368 was adjourned on 10 January 2022 to 9 February 2022. No disposal stated.
• SAT matter SATV-45984F184FA016C0818B91F2
  Appeal No. 368 of 2021 and Appeal No. 371 of 2021 were adjourned on the appellants' request. · Miscellaneous Application No. 778 of 2021 and Appeal No. 497 of 2021 were listed for 26 September 2022.
  Appeal: Appeal Nos. 368 of 2021, 371 of 2021 and 497 of 2021 were pending before SAT; on 30 August 2022, the matters were adjourned and listed on 26 September 2022.
• Acting in concert to manipulate Biocon cash price on F&O expiry June 29, 2017 to inflate futures settlement price and make wrongful gains on pre-held long futures positions.
  Disgorgement with interest from June 29, 2017: AKG Rs 1.28 lakhs, Vihit Rs 15.37 lakhs, Faisal Rs 9.32 lakhs · Penalty under Section 15HA Rs 10 lakhs each on AKG, Vihit and Faisal
  Appeal: Appeals No.368, 371 and 497 of 2021 under Section 15T filed against common WTM order; heard and reserved March 28, 2025, pronounced July 28, 2025
• SAT matter SATV-717833A6373297D43B3BF011
  Adjourned on request of appellant, list on 6 July 2022 · Parties to act on digitally signed copy; certified copy available on payment of charges
  Appeal: Appeal No.368 of 2021, Appeal No.371 of 2021 and Appeal No.497 of 2021 pending, adjourned to 6 July 2022
• SAT matter SATV-A9155963A8DE6C70892DDB10
  Adjourned on request and listed on 10 January 2022 · Rejoinder may be filed in the meanwhile
  Appeal: Appeal Nos. 368 of 2021, 371 of 2021 and 497 of 2021 with Misc. Application No.778 of 2021 pending; adjourned to 10 January 2022
• SAT matter SATV-AF0133C5CC0F6A044CC54A4D
  Adjourned and listed on 10 January 2022 · Rejoinder may be filed in the meanwhile
  Appeal: Appeal Nos. 368 of 2021, 371 of 2021, 497 of 2021 with Misc. Application No.778 of 2021 adjourned on 7.12.2021; listed on 10 January 2022
• SAT matter SATV-B04B78376F1F1EF779D598D5
  Adjourned on request of the appellant · List matters on 9 February 2022
  Appeal: Appeal Nos. 368 of 2021, 371 of 2021 and 497 of 2021 with Misc. Application No.778 of 2021 adjourned, listed on 9 February 2022
• SAT matter SATV-C08B6C342B881BFACFC7228D
  Three weeks' time allowed to appellant to file rejoinder · List matter on 27 August 2021
  Appeal: Appeal No.368 of 2021 and Appeal No.371 of 2021 pending before SAT; adjourned to 27 August 2021
• SAT matter SATV-D9272E63B94935AF48873B56
  Three weeks' further time allowed to the appellant to file rejoinder · Matter listed on 7 December 2021
  Appeal: Appeal Nos. 368 of 2021, 371 of 2021 and 497 of 2021 pending before SAT; next listed on 7 December 2021
• SAT matter SATV-E21E854F774DAFC2AACABF58
  Adjourned on request of appellants · List on 10th January, 2022
  Appeal: Appeal Nos. 368 of 2021, 371 of 2021 and 497 of 2021 with Misc. Application No. 778 of 2021 adjourned, listed on 10 January 2022
• SAT matter SATV-F2AAF1EF638F0793448AAF0E
  Adjourned on request of the appellant · List on 6th July, 2022
  Appeal: Appeal Nos. 368 of 2021, 371 of 2021 and 497 of 2021 with Misc. Application No. 778 of 2021 adjourned to 6 July 2022
• SAT matter SATV-5E1627336D228709AA4C3470
  Three weeks' time granted to appellants to file rejoinder · Matter listed for 27 August 2021
  Appeal: Appeal Nos. 368 and 371 of 2021 were pending; listed for 27 August 2021
• Appellants acting in concert manipulated Biocon price in cash segment on June 29, 2017 to establish higher F&O settlement price and made wrongful gains on long futures positions.
  Disgorgement with interest from June 29, 2017: AKG Rs 1.28 lakhs, Vihit Rs 15.37 lakhs, Faisal Rs 9.32 lakhs · Penalty of Rs 10 lakhs each under Section 15HA of SEBI Act
  Appeal: Appeal Nos. 368, 371 and 497 of 2021 under Section 15T against WTM order dated May 5, 2021; heard and reserved March 28, 2025 for pronouncement July 28, 2025
• SAT matter SATV-C1DBB307D7369EBB92A110F2
  Adjourned on request of appellant in Appeal No.371 of 2021 · List matters on 28th November, 2022
  Appeal: Appeal Nos. 368 of 2021, 371 of 2021 and 497 of 2021 pending; adjourned, listed on 28 November 2022
• SAT matter SATV-BB5145E6E8AFDB7F871B1CE9
  Three weeks' further time allowed to the appellant to file rejoinder · List matter on 7th December, 2021
  Appeal: Appeal Nos. 368 of 2021, 371 of 2021 and 497 of 2021 with Misc. Application No. 778 of 2021 pending before SAT; rejoinder allowed, next listing 7 December 2021
• SAT matter SATV-D5DB2B08251472FC8D5BEA90
  Three weeks' further time allowed to appellant to file rejoinder · List matters on 7th December, 2021
  Appeal: Appeal Nos. 368 of 2021, 371 of 2021 and 497 of 2021 pending; adjourned to 7 December 2021 for rejoinder
• SAT matter SATV-EAFC8C8B035D3B283271FE68
  Adjourned on request of appellant; matter listed on 30 August 2022
  Appeal: Appeal Nos. 368 of 2021, 371 of 2021 and 497 of 2021 with Misc. Application No.778 of 2021 adjourned on 29.7.2022, next date 30 August 2022