Brijesh Singh Bhadauriya

5 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Respondents directed to file replies on whether trading suspension could be imposed under Clause 3.1.2 solely on the Committee of Creditors' recommendation.
Sole question framed: legality of 21 March 2022 suspension circulars; final operative directions dated 30.11.2022 beyond excerpt pages 1-14

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-099AAA4942CF6CA9839C915E
Delay in filing replies by NSE and BSE condoned · Replies of NSE and BSE taken on record
Appeal: Appeal No. 671 of 2022 was pending before SAT; order dated 21 November 2022 adjourned the matter to 22 November 2022.
SAT matter SATV-1837A87A68E2A73756D980AA
Delay in filing the appeal was condoned. · Appellant was exempted from filing the certified copy of the order.
Appeal: Appeal No. 671 of 2022; order dated 22 November 2022 reserved after hearing. Delay in filing condoned.
SAT matter SATV-2EF5C4B7473108A140F7DB2B
Reply filed by SEBI (Respondent No.3) taken on record · Rejoinder to SEBI reply to be filed within three days
Appeal: Appeal No. 671 of 2022 with Misc. Application No. 1032 of 2022 and Misc. Application No. 1046 of 2022 pending; listed for admission and final disposal on 21 November 2022
Whether NSE/BSE could suspend trading in Sintex Industries Ltd w.e.f. 22 March 2022 based solely on disclosure of CoC-approved resolution plan without show-cause/SOP.
Sole question framed: legality of 21 March 2022 suspension circulars; final operative directions dated 30.11.2022 beyond excerpt pages 1-14
Appeal: Appeal No. 671 of 2022 with Misc. Appl. 1032, 1046, 1522 of 2022 heard 22.11.2022 decided 30.11.2022 by SAT Mumbai

Analyse these matters in Ontology · Plans

Source: SecMarx — Brijesh Singh Bhadauriya. 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.