Brickwork Ratings India Private Limited
Penalties and directions recorded
- Parties directed to obtain instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
- Observed violations are routine operational/trivial errors not deliberate fraud warranting cancellation
- Penalty reduced from Rs 3 lakh to Rs 2 lakh to be paid within four weeks
SAT-appeal
- SAT matter SATV-057BB8E166C1122E9059818BHearing was part-heard and directed to be listed on 12 April 2023Appeal: Appeal No. 694 of 2022 was heard in part on 11 April 2023 and adjourned to 12 April 2023; no final disposal stated
- SAT matter SATV-0C4B2B18214E644166D11E75Appeal listed for 12 April 2021 · Parties directed to obtain instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearingAppeal: Appeal No. 475 of 2020; order dated 8 March 2021 adjourned/listed for 12 April 2021; not disposed of in this order
- SAT matter SATV-1710D189A3A043A5E36A30F1List Appeal No. 694 of 2022 for admission and final disposal on 23 February 2023Appeal: Appeal No. 694 of 2022; listed for admission and final disposal on 23 February 2023; no disposal on merits stated
- SAT matter SATV-396D0821A134EE9258C23845Matter adjourned due to non-availability of the bench. · List on 16 February 2023.Appeal: Appeal No. 694 of 2022 was adjourned on 1 February 2023 and listed for 16 February 2023; no disposal on merits stated.
- Failure to follow proper rating process, maintain records, timely disclosure/monitoring, avoid conflict of interest and correct press-release disclosures as CRA.Findings A and B partly sustained, C, E and F fully sustained, D not sustained · Repeated violations limited to delay in default recognition and conflict due to non-segregationAppeal: Appeal No. 694 of 2022 with Misc. Application No. 1185 of 2022 reserved on 24.04.2023 and decided on 06.06.2023
- Delayed recognition of Bhushan Steel default and failure to downgrade Gayatri Projects NCD default to default, plus fee-related IOSCO Code violation.Appeal partly allowed · Penalty reduced from Rs 3 lakh to Rs 2 lakh to be paid within four weeksAppeal: Appeal No. 439 of 2018 decided on 3 June 2019 - partly allowed (reserved on 27 May 2019)
- Violations found during investigation leading to cancellation of certificate of registration under Intermediaries RegulationsUrgency application disposed of as appeal taken up for hearing · Effect and operation of impugned cancellation order stayed pending appealAppeal: Appeal No. 694 of 2022 with Misc. Applications 1184, 1185, 1186 of 2022 pending; conditional stay granted on 14.10.2022, next listing 15.11.2022
- SAT matter SATV-ACC6AD5B3D79025DB45AC575Matter listed on December 14, 2022 · Parties to act on digitally signed copy; certified copy available from Registry on payment of chargesAppeal: Appeal No. 694 of 2022 with Misc. Application No. 1184 of 2022 and Misc. Application No. 1185 of 2022 pending; next listed on December 14, 2022
- SAT matter SATV-BBE82B40F438C6B72A73DDF2Urgency application disposed of as appeal taken up for consideration · Exemption application disposed ofAppeal: Appeal No. 694 of 2022 pending before SAT; Misc. Application Nos. 1184 and 1185 of 2022 disposed on 15.03.2023; next date March 30, 2023
- SAT matter SATV-DB4E533928F0AC155082FB98Heard in part · Put up for further hearing on April 12, 2023Appeal: Appeal No. 694 of 2022 with Misc. Applications No. 1184 and 1185 of 2022 heard in part on 11.04.2023, adjourned to 12.04.2023
Source: SecMarx — Brickwork Ratings India Private Limited. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.