Mr. Ashok Kumar

SAT-appeal

• SAT matter SATV-0159FD9DDDAC1B4C654E2BA6
  Review Applications Nos. 23, 24, 25 and 26 of 2019 dismissed · Miscellaneous Applications Nos. 653 to 656 of 2019 dismissed as infructuous
  Appeal: Review Applications Nos. 23, 24, 25 and 26 of 2019 dismissed on 19 March 2021; connected original appeals were Appeal No. 371 of 2017, Appeal No. 37 of 2018, Appeal No. 38 of 2018 and Appeal No. 197 of 2018.
• SAT matter SATV-2361A6A7469503C3D2A23D61
  Matter adjourned for the day and listed on 29 March 2022 · Parties directed to take instructions from the Registrar 48 hours before the listed date regarding video-conference or physical hearing
  Appeal: Appeal No. 16 of 2021; hearing adjourned on 31 January 2022 and listed for 29 March 2022
• SAT matter SATV-223FE64F58AEF0D1A01860E8
  Adjourned for the day · Matters listed for hearing on 03 March 2021
  Appeal: Appeal Nos. 371 of 2017, 37 of 2018, 38 of 2018 and 197 of 2018 were pending; connected review applications and miscellaneous applications were adjourned for the day.
• SAT matter SATV-288ECEA4C98C5D08D4355FC5
  Matter adjourned to 21 December 2021 due to non-availability of the Bench · Parties directed to contact the Registrar 48 hours before the fixed date regarding video-conference or physical hearing
  Appeal: Appeal No. 16 of 2021; order dated 11 November 2021; adjourned to 21 December 2021
• SAT matter SATV-3335BC89FF3145D965D10C24
  Adjourned for the day · Matters listed for hearing on 03 March 2021
  Appeal: Appeals 371 of 2017, 37 of 2018, 38 of 2018 and 197 of 2018 were adjourned; listed for 03 March 2021. No disposal on merits.
• SAT matter SATV-573EE7901DD397993A271C38
  List Review Applications on March 12, 2021 · Parties directed to take instructions from Registrar 48 hours before date fixed on video conference vs physical hearing
  Appeal: Misc. Application Nos. 653-656 of 2019 and Review Application Nos. 23-26 of 2019 in Appeal Nos. 371 of 2017, 37 of 2018, 38 of 2018, 197 of 2018 pending; listed on 12.03.2021, not disposed
• SAT matter SATV-4272F2D860EF6938B0C30B67
  List Review Applications on March 16, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Misc. Applications 653-656 of 2019 and Review Applications 23-26 of 2019 in Appeal Nos. 371 of 2017, 37 of 2018, 38 of 2018, 197 of 2018 pending, listed for 16 March 2021
• SAT matter SATV-5F47A93CB93229DDC5999805
  Adjourned on appellants' request and listed on March 03, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
  Appeal: Misc. Application Nos. 653-656 of 2019 and Review Application Nos. 23-26 of 2019 in Appeal Nos. 371/2017, 37/2018, 38/2018, 197/2018 pending; adjourned to 03 March 2021, no disposal on merits
• SAT matter SATV-608CCA55907BA11F1DE82537
  List Review Applications on March 16, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Review Application Nos. 23-26 of 2019 in Appeal Nos. 371/2017, 37/2018, 38/2018, 197/2018 pending; listed on 16 March 2021
• SAT matter SATV-43FDF67D99F1DC114924785A
  Review Application No. 10 of 2022 dismissed for want of prosecution
  Appeal: Review Application No. 10 of 2022 in Miscellaneous Application No. 648 of 2022 and Appeal No. 16 of 2021 dismissed on 24 August 2022 for want of prosecution
• SAT matter SATV-8C0BABD1EF4ADC5F835208B7
  Review Applications No. 23-26 of 2019 dismissed - no manifest error in order dated September 26, 2019 · Misc. Applications No. 653-656 of 2019 for extension of time dismissed as infructuous
• SAT matter SATV-8D888B15B39EF012CE56356C
  Matter adjourned on applicant's request · List on August 4, 2022
  Appeal: Misc. Application No. 648 of 2022 and Review Application No. 10 of 2022 in Appeal No. 16 of 2021 pending, adjourned to August 4, 2022
• SAT matter SATV-9B5165B40D4F0CAAAB21CBFB
  List Review Applications on March 16, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Review Application Nos. 23, 24, 25, 26 of 2019 with Misc. Application Nos. 653, 654, 655, 656 of 2019 in Appeal Nos. 371 of 2017, 37 of 2018, 38 of 2018, 197 of 2018 pending; listed on March 16, 2021
• SAT matter SATV-A60E35ED56291B6630B8AFEF
  Stood over to 24 August 2022 for want of coram · Parties to act on digitally signed copy; certified copy from Registry on payment
  Appeal: Review Application No.10 of 2022 in Misc. Application No.648 of 2022 in Appeal No.16 of 2021 pending; adjourned to 24.08.2022
• Stock broker Kassa diverted/siphoned client funds/securities to group entities and illegally collected ~Rs 55 cr as loans promising assured returns acting as unregistered portfolio manager.
  Impugned WTM order: all appellants restrained from accessing securities market directly/indirectly for 10 years · Four appellants excluding Manoj Kumar Agrawal directed jointly/severally to refund investor/client money with 15% p.a. interest from due date till payment
  Appeal: Appeal Nos. 371/2017, 37/2018, 346/2017, 38/2018, 197/2018 with Misc. Applications 01/2019, 2/2019, 426/2018 heard together, reserved 03.07.2019, decided 26.09.2019
• Reversal trades contributing significant percentage to market volume on BSE and NSE; violation affirmed as per AO order.
  Appeal partly allowed, violation affirmed · Penalty reduced to Rs.2 lakhs to be paid jointly and severally
  Appeal: Appeal No.564 of 2022 with Misc. Application No.1048 of 2022 decided on 19.9.2022, partly allowed with penalty reduced
• Diversion/siphoning of client/investor funds and securities to group entities, collecting money promising assured returns without PMS registration, misutilisation and non-segregation of funds.
  All appellants restrained from accessing securities market directly/indirectly for 10 years per WTM order · Four appellants excluding Manoj Kumar Agrawal directed to refund investors/clients money with 15% p.a. interest from due date till payment
  Appeal: 5 SAT Appeals No.371/2017, 346/2017, 197/2018, 37/2018, 38/2018 heard together; Order Reserved 03.07.2019, Date of Decision 26.09.2019
• SAT matter SATV-F4F58343C3C94414628C4B86
  Order reserved after hearing appellant in person and counsel for SEBI
  Appeal: Appeal No. 16 of 2021 heard on 29.03.2022, order reserved
• SAT matter SATV-F6F6176874AE92E0582873EC
  List Review Applications on March 12, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Misc. Applications 653-656 of 2019 and Review Applications 23-26 of 2019 in Appeals 371 of 2017, 37 of 2018, 38 of 2018, 197 of 2018 heard on 03.03.2021, next listed 12.03.2021, not disposed
• Diversion/siphoning of client funds and securities to group entities and collecting loans promising assured returns without PMS/broker authorisation.
  Restrain all appellants from accessing securities market directly or indirectly for 10 years · Four appellants excluding Manoj Kumar Agrawal to jointly refund investors/clients money with 15% p.a. interest
  Appeal: Appeal Nos 371/2017, 346/2017, 37/2018, 38/2018, 197/2018 disposed by common decision dated 26.09.2019
• SAT matter SATV-6556798B7C37B0EBFCE9EFBB
  List Review Application Nos. 23 to 26 of 2019 on March 12, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on VC vs physical hearing
  Appeal: Review Application Nos. 23,24,25,26 of 2019 with Misc. Application Nos. 653,654,655,656 of 2019 in Appeal Nos. 371/2017, 37/2018, 38/2018, 197/2018 pending; adjourned to March 12, 2021 vide SAT order dated 03.03.2021
• SAT matter SATV-710313657131BE5EB9FDE5B6
  List Review Applications on March 12, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on hearing mode
  Appeal: Review Application Nos. 23-26 of 2019 with Misc. Application Nos. 653-656 of 2019 in Appeal Nos. 371/2017, 37/2018, 38/2018, 197/2018 pending; adjourned vide SAT order dated 03.03.2021 to 12.03.2021
• Diversion/siphoning of client/investor funds and securities to group entities and collecting ~Rs 55 cr promising assured returns without PMS registration.
  Restrained all appellants from accessing securities market directly or indirectly for 10 years · Four appellants (excluding Manoj Kumar Agrawal) directed to refund investors/clients money with 15% p.a. interest till payment
  Appeal: Appeal Nos. 371/2017, 37/2018, 346/2017, 38/2018, 197/2018 against WTM order 05.09.2017, reserved 03.07.2019, decided 26.09.2019
• SAT matter SATV-8CCE75E8F455C658B1660F56
  Review application not heard due to non-availability of full Bench; listed on 19 March 2021 · Parties to contact Registrar 48 hours before fixed date for mode of hearing
  Appeal: Misc. Application No.656 of 2019 and Review Application No.26 of 2019 in Appeal No.197 of 2018 pending; adjourned to 19 March 2021
• SAT matter SATV-94CFF383B2632A0061F5A399
  Four review applications against order dated September 26, 2019 dismissed for no manifest error · Misc. Applications for extension of time dismissed as infructuous after Recovery Officer order
  Appeal: Review Nos.23-26/2019 and Misc.Nos.653-656/2019 in Appeals 371/2017,37/2018,38/2018,197/2018 dismissed on 19.03.2021
• SAT matter SATV-A30A6A6BFE904EC44A8D6458
  List Review Applications on March 16, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Review Application Nos. 23-26 of 2019 with Misc. Application Nos. 653-656 of 2019 in Appeal Nos. 371/2017, 37/2018, 38/2018, 197/2018 adjourned to 16 March 2021; no disposal on merits
• Diversion/siphoning of client/investor funds and securities to group entities and collecting funds promising assured returns without PMS registration.
  Restrained from accessing securities market directly/indirectly for 10 years · Four appellants excluding Manoj Kumar Agrawal jointly/severally to refund investors/clients money with 15% p.a. interest
  Appeal: Appeal Nos 371/2017, 346/2017, 37/2018, 38/2018, 197/2018 against WTM order 05 Sep 2017; reserved 03 Jul 2019, decided 26 Sep 2019
• SAT matter SATV-CED156C0D261985A14351D46
  List Appeal No. 16 of 2021 on January 31, 2022 on appellant's prayer · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
  Appeal: Appeal No. 16 of 2021 adjourned on 21.12.2021, next listed on January 31, 2022
• SAT matter SATV-CEF7A9E2919F18495C1AB6F6
  List matter on 5 February 2021 · Parties to file scanned copies of memo of appeal etc before registry
  Appeal: Misc Application No 656 of 2019 and Review Application No 26 of 2019 in Appeal No 197 of 2018 pending before SAT; next listed 5 Feb 2021
• SAT matter SATV-EE86A3B51DC1F4B586D6B617
  List Review Application on July 6, 2022
  Appeal: Review Application No. 10 of 2022 in Appeal No. 16 of 2021 adjourned, next listing July 6, 2022
• SAT matter SATV-E77684097C4B17FD7069BA7E
  Adjourned on request of counsel for appellants and listed on March 03, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Misc. Appl. Nos. 653-656 of 2019 and Review Appl. Nos. 23-26 of 2019 in Appeal Nos. 371/2017, 37/2018, 38/2018, 197/2018 adjourned to 03.03.2021, order dated 05.02.2021
• Default by trading member M/s. Kassa Finvest Pvt. Ltd. and its Managing Director in refund/repayment of investors/clients' money.
  Appeal No.16 of 2021 dismissed with no order as to costs; Recovery Officer crystallization upheld
• SAT matter SATV-F1FEBDDB52445AA4F6003461
  Misc. Application No. 203 of 2018 allowed, 215-day delay condoned subject to costs · Appeal with stay application to be listed for admission on January 8, 2019 if costs paid
  Appeal: Appeal No. 197 of 2018 filed June 4, 2018 against SEBI order Sept 5, 2017; delay condoned, pending admission on Jan 8, 2019
• SAT matter SATV-FE0C564A33F2551CB92446E1
  Respondent allowed three weeks to file reply · Appellant allowed three weeks thereafter to file rejoinder
  Appeal: Appeal No. 16 of 2021 pending before SAT Mumbai at reply/rejoinder stage; next listing November 11, 2021
• SAT matter SATV-F16111587A2DBFF63BBBCC38
  Four review applications dismissed - no manifest error to reconsider order · Misc. Applications Nos.653-656 of 2019 for extension of time dismissed as infructuous
  Appeal: Review Application Nos.23-26 of 2019 in Appeal Nos.371/2017, 37/2018, 38/2018, 197/2018 against SAT order dated 26.09.2019 dismissed on 19.03.2021