Bahubali Forex Pvt. Ltd.

SAT-appeal

• SAT matter SATV-E8FF0C7B4B74BDD6E7B2EEED
  Ex-parte ad-interim order dated 17.02.2016 quashed and set aside qua the four appellants · SEBI liberty to initiate fresh proceedings against appellants in accordance with law
• Challenge to SEBI's ex-parte ad-interim restraint order restricting the appellants from dealing in the securities market except for existing clients in the cash segment and from accepting new clients.
  SEBI's ex-parte ad-interim order dated 17 February 2016 was quashed and set aside qua the four appellants. · SEBI remained free to initiate proceedings and pass appropriate orders in accordance with law.
  Appeal: Appeal Nos. 54, 55, 56 and 57 of 2016 disposed of by SAT on 14 March 2016.
• Challenge to SEBI's ex-parte ad-interim restraint order restricting the appellants' securities-market activities and prohibiting acceptance of new clients.
  SEBI's ex-parte ad-interim order dated 17 February 2016 was quashed and set aside as against the four appellants. · SEBI remained free to initiate proceedings and pass appropriate orders in accordance with law.
  Appeal: Appeal Nos. 54, 55, 56 and 57 of 2016 were disposed of by SAT on 14 March 2016; the challenged SEBI order was quashed and set aside qua the appellants.
• SAT matter SATV-9DF4C84EE9F1F2C2FC9D2659
  Ex-parte ad-interim order dated 17.02.2016 quashed and set aside qua the appellants herein · SEBI may initiate proceedings against appellants per law and pass appropriate order