Bombay Stock Exchange Ltd.

SAT-appeal

• Challenge to suspension of trading in the company's securities allegedly based solely on a Committee of Creditors resolution plan under Section 30(4) of the IBC.
  Respondents directed to file replies on whether trading suspension could be imposed under Clause 3.1.2 solely on the Committee of Creditors' recommendation. · Matter listed for November 14, 2022.
  Appeal: Appeal No. 671 of 2022 was taken up by SAT on 13 October 2022; matter adjourned for respondents' replies and listed on 14 November 2022.
• SAT matter SATV-0A2180142F50E907B0B6C701
  List Miscellaneous Application No. 385 of 2023 and Appeal No. 348 of 2023 on 8 September 2023 · Parties directed to act on the digitally signed copy of the order
  Appeal: Appeal No. 348 of 2023 listed on 8 September 2023; no disposal on merits stated
• The order records agreed remedial terms concerning withdrawal options for RII-category investors, IPO-related disclosures, a bonus issue, and listing/trading conditions. It expressly does not decide the merits of the allegations.
  Give RII investors a withdrawal option for 15,00,348 shares. · Publish an advertisement, in consultation with SEBI and BSE, detailing the withdrawal option and bonus issue.
  Appeal: Appeal No. 123 of 2011 disposed of on 25 August 2011; the order states that Appeals No. 123 and 124 of 2011 were disposed of on agreed terms.
• SAT matter SATV-110E25E4D1CA1B72FA266EE0
  Appeal No. 34 of 2009 dismissed as infructuous · Appellant granted liberty to challenge the SEBI order as and when passed
  Appeal: Appeal No. 34 of 2009, along with Miscellaneous Applications Nos. 9, 10 and 11 of 2009, dismissed as infructuous on 11 September 2009; liberty granted to challenge a future SEBI order.
• Challenge to BSE's delisting of Vogue Textiles Limited due to unpaid amounts and other pending compliances.
  27-day filing delay in all three appeals was condoned. · Appellants must comply with all payments due to BSE and pending compliances leading to delisting.
  Appeal: Appeal Nos. 366, 365 and 367 of 2018 disposed of on 3 October 2018 on agreed terms; no order as to costs.
• SAT matter SATV-13DBD71303474E5D4F5FF5D6
  Appellant permitted to withdraw Appeal No. 433 of 2015 · Liberty granted to file a fresh appeal within three weeks from 31 March 2016
  Appeal: Appeal No. 433 of 2015 withdrawn and disposed of on 31 March 2016, with liberty to file a fresh appeal
• SAT matter SATV-139BE94AE4984CFF1B874D3D
  BSE to hear the appellants on fresh detailed representations. · BSE to pass final orders within 8 weeks after receiving the representations.
  Appeal: Appeal Nos. 262, 264 and 265 of 2018 disposed of by SAT on 1 August 2018.
• SAT matter SATV-1ED979759D87239AF85E93A7
  Appeal disposed of by passing the same order as in Appeal No. 99 of 2009
  Appeal: Appeal No. 101 of 2009 decided on 9 July 2009; disposed of by reference to the same order as Appeal No. 99 of 2009
• SAT matter SATV-2A31BE462F559792986FFF13
  Delay of 29 days in filing the appeal was condoned. · Appeal disposed of on terms requiring compliance with BSE payments and pending compliances.
  Appeal: Appeal No. 320 of 2018 disposed of by SAT on 04 October 2018; Misc. Application No. 279 of 2018 for condonation of 29 days' delay also disposed of.
• SAT matter SATV-25F144C1F7BDE7A6AB2B3E7E
  Appeal adjourned to 13 December 2021 due to non-availability of the Bench · Parties directed to contact the Registrar 48 hours before the listed date regarding video-conference or physical hearing
  Appeal: Appeal No. 224 of 2019 was adjourned on 11 November 2021 to 13 December 2021; no final disposal stated
• Non-submission of unaudited financial statements for the first three quarters of FY 2014-15, constituting non-compliance with Clause 41 of the Listing Agreement and/or Regulation 55A.
  Appeal dismissed. · NSE's proposed suspension of trading in the appellant's securities upheld.
  Appeal: Appeal No. 133 of 2015 dismissed by SAT on 24 February 2015 with no order as to costs
• SAT matter SATV-38AE3DD1294A143453E72851
  BSE granted a last opportunity to file/respond. · Matters listed for hearing on 13 December 2024.
  Appeal: Appeal Nos. 532, 581, 582 and 583 of 2024 were pending; adjourned on 25 November 2024 to 13 December 2024.
• Challenge to refusal of exemption and restraint on a proposed preferential allotment for non-compliance with preferential issue conditions and minimum public shareholding requirements.
  Appeal: Appeal No. 434 of 2020, with Misc. Application No. 479 of 2020, decided by SAT on 9 September 2021; outcome not included in the supplied text.
• SAT matter SATV-451D499D2F045A87392FD492
  Misc. Application No. 292 of 2017 in Appeal No. 225 of 2017 disposed of as devoid of merit with no order as to costs
  Appeal: Misc. Application No. 292 of 2017 in Appeal No. 225 of 2017 disposed of on 7.11.2017 with no order as to costs
• SAT matter SATV-578DC49EFDAFCB091C5CBF68
  Order dated February 24, 2015 in Appeal No. 133 of 2015 modified in terms of Schedule annexed to Miscellaneous Application · Miscellaneous Application disposed of with no order as to costs
• SAT matter SATV-6784BDE050FD4FF78EFFA8BC
  Appeal allowed to be withdrawn with no order as to costs
  Appeal: Appeal No. 108 of 2017 withdrawn on 25.04.2017 with no order as to costs
• SAT matter SATV-446EA6EE7B26FD57419D1628
  Appeal disposed of on agreed terms. · Appellant to comply with all payments due to BSE and other pending compliances leading to delisting.
  Appeal: Appeal No. 314 of 2018 disposed of by SAT on 19 September 2018; Misc. Application No. 260 of 2018 for condonation of 21 days' delay allowed and disposed of.
• SAT matter SATV-7655AACBD1A7CEAE147060FC
  Appeal dismissed as withdrawn · Misc. Application No.148 of 2012 disposed of
  Appeal: Appeal No.208 of 2012 dismissed as withdrawn on 08.11.2012
• Failure to furnish details sought by BSE relating to preferential allotment, leading to suspension of trading in appellant securities.
  Delay of 328 days condoned and Misc Application No. 232 of 2016 disposed · Appeal disposed without going into merits on BSE assurance to decide
  Appeal: Appeal No. 287 of 2016 against BSE communication dated 24.08.2015 disposed of on 27.10.2016
• Investor alleged broker failed to supply certified copies of three documents and BSE failed to forward complaint to Grievance Redressal Mechanism Committee and act under Bye-law 156.
  Plea for Bye-law 156 cooperation rejected as misconceived where broker has opposing stand in pending civil suit · Respondent No.2 directed to supply certified copies sought vide letter dated 7 June 2016 Exhibit G within four weeks
  Appeal: Appeal No.341 of 2017 disposed on 27.2.2019
• Failure to furnish details sought by BSE relating to preferential allotment, leading to suspension of trading in appellant's securities.
  Delay of 246 days condoned; Misc. Application No. 229 of 2016 disposed of · Appeal No. 284 of 2016 disposed of without going into merits on BSE statement; no order as to costs
  Appeal: Appeal No. 284 of 2016 disposed of on 27.10.2016 without going into merits; Misc. Application No. 229 of 2016 for condonation allowed
• Alleged illegal appointment of Pradip Kumar Khaitan as Independent Director of Dhunseri Ventures despite prior non-independent tenure and family link to promoter, plus pecuniary interest via guarantee transaction.
  Appeal dismissed without any order as to costs
  Appeal: Appeal No.70 of 2021 with Misc. Application No.79 of 2021 dismissed on 09.06.2021; order reserved on 10.05.2021
• SAT matter SATV-4FF30DF39A9F8EFBBBFE5710
  Appellant permitted to make a representation to BSE within 10 days from 14 August 2018. · BSE to consider and dispose of the representation in accordance with law within 8 weeks of receiving it.
  Appeal: Appeal No. 280 of 2018 disposed of on 14 August 2018 on agreed terms; appellant did not pursue the appeal.
• Grievance that BSE had not disposed of appellant's 20 September 2016 representation against broker R.R. Nabar & Co.
  Appeal disposed as nothing survives on BSE undertaking · BSE to dispose representation in accordance with law
  Appeal: Appeal No. 225 of 2017 disposed of on 21.09.2017 with no order as to costs
• SAT matter SATV-F15415B4D8DBB66E97B294AB
  Para 2 of SAT order dated 14 August 2018 corrected: 'one week' changed to '10 days' for representation to BSE · Registry directed to make necessary changes
  Appeal: Appeal No. 280 of 2018 (Fact Enterprise Ltd. vs BSE); corrigendum to Tribunal order dated 14 August 2018 passed on 16.08.2018
• Challenge to BSE's suspension of trading for failure to submit the requisite auditor's certificate despite notices.
  Delay of 124 days in filing the appeal condoned. · BSE to examine documents furnished by the appellant and pass an appropriate order expeditiously.
  Appeal: Appeal No. 181 of 2016 disposed of by SAT on 13 June 2016; Misc. Application No. 126 of 2016 for condonation of delay also disposed of.
• SAT matter SATV-5230FEDFB15CBF159F51037F
  Appeal No. 107 of 2009 dismissed as withdrawn after the appellant stated that it had become infructuous
  Appeal: Appeal No. 107 of 2009 disposed of on 7 August 2009 as withdrawn
• Challenge to BSE’s rejection of Pentamedia’s application for approval of a composite restructuring scheme and listing of Mayajaal shares. BSE cited non-compliance with listing requirements, massive asset write-offs, mismanagement and issuance of fake share certificates.
  Appeal against BSE’s rejection was considered in light of the High Court’s rulings and applicable listing requirements · Stock exchange may insist on compliance with its regulations and reject listing where securities-law or listing requirements are not met
  Appeal: Appeal No. 154 of 2006 decided by SAT on 10 August 2007; excerpt does not state the final operative disposal beyond the discussed challenge to BSE’s rejection.
• Delisting of three appellant companies by BSE vide order dated June 26, 2018 challenged in appeals.
  BSE to hear fresh representations and pass final orders within 8 weeks of receipt · Interim status quo to be maintained pending final orders
  Appeal: Appeal Nos. 262, 264 and 265 of 2018 disposed of on 01.08.2018 on consent terms
• SAT matter SATV-794F4E6A389325220FCC3547
  Direct BSE Ltd. and NSE Ltd. to issue certified copy of impugned orders within three working days of presentation of SAT order · Misc. Application No.419 of 2018 disposed of
  Appeal: Misc. Application No.419 of 2018 disposed of on 4 January 2019; Appeal Lodging No.534 of 2018 pending, listed for admission/hearing on 14 January 2019
• SAT matter SATV-795FACC43CE1F68A4FC9775A
  Time for defaulters committee to pass fresh order extended till May 31, 2015 · Misc. Application disposed of with no order as to costs
  Appeal: Misc. Application No. 184 of 2014 in Appeal No. 47 of 2014 decided on 05.02.2015 granting extension; prior SAT order dated 29.04.2014 had directed fresh order
• SAT matter SATV-8AFFD078D55E648682D0035B
  Appeal dismissed as withdrawn · Application by P.S. Subramanian seeking relief against company disposed as infructuous
  Appeal: Appeal No.187 of 2007 dismissed as withdrawn on 9.1.2008
• SAT matter SATV-9762CB3F26A32D239F8BCC20
  Listed on October 7, 2020 for admission at request of appellant's counsel · Parties to seek instructions from Registrar 48 hrs before date fixed on video conference vs physical hearing
  Appeal: Appeal No. 302 of 2020 pending - adjourned and listed for admission on October 7, 2020
• Freezing of promoter's demat accounts for MFL India Ltd's non-payment of BSE fines; plea to defreeze accounts and allow re-classification from promoter category.
  BSE shall consider Company's waiver application expeditiously within outer limit of eight weeks from 10 June 2026 · Company shall cure defects and resubmit re-classification application within two weeks from finality of waiver disposal
  Appeal: Appeal No. 702 of 2024 with Misc. Application No. 1359 of 2024 disposed on 10 June 2026 by SAT
• SAT matter SATV-E69F448D08FF27B583D40E18
  Dismissed as withdrawn
  Appeal: Appeal No. 46 of 2007 decided on 12.7.2007 - dismissed as withdrawn