CARE Ratings Limited
Penalties and directions recorded
- By consent, matters listed on 23, 24 and 25 February 2026
- List the matters on 4 August 2022
- Appellant directed to deposit Rs. 25 lakh; balance amount not to be recovered during appeal if deposited
- By consent, the matters were adjourned and listed on 23 July 2024
- Matters listed on 10 January 2022
SAT-appeal
- SAT matter SATV-01EDADB691E0B27335E42133Matter remained part-heard · By consent, matters listed on 23, 24 and 25 February 2026Appeal: Appeal Nos. 90, 103, 456, 523 (with Misc. Application No. 473) and 556 of 2020 were part-heard and adjourned by consent; next dates fixed for 23–25 February 2026.
- SAT matter SATV-01CA6CF9B5EAC77BF931F426The appeals were directed to be listed on 3 January 2024.Appeal: Appeal Nos. 90, 103, 456, 556 and 523 of 2020 were pending and directed to be listed on 3 January 2024; no disposal on merits stated.
- SAT matter SATV-090EF0199E4899D07B342E62List the matters on 4 August 2022 · Parties to act on the digitally signed copy of the orderAppeal: Appeal Nos. 90, 103, 456, 556 and 523 of 2020 were pending; listed on 4 August 2022. Misc. Application No. 473 of 2020 was also listed.
- SAT matter SATV-0CAF24E6725CDB6BE980D2A0Connected with Appeal Nos. 69 of 2020 and 523 of 2020 · SEBI to file reply within two weeks from 11 January 2021Appeal: Appeal No. 556 of 2020; interim directions issued on 11 January 2021 and matter listed for 4 February 2021
- SAT matter SATV-0A95410FCDCBFA80BBA9A181List the appeals on 30 March 2023. · Parties to act on the digitally signed copy of the order.Appeal: Appeal Nos. 90, 103, 456, 556 and 523 of 2020 were pending and directed to be listed on 30 March 2023; Miscellaneous Application No. 473 of 2020 also mentioned.
- SAT matter SATV-1E918EDBBF076A4094221F59By consent, the matters were adjourned and listed on 23 July 2024Appeal: Appeal Nos. 90, 103, 456, 556 and 523 of 2020 were before SAT; by consent, listed for 23 July 2024 on 2 May 2024
- SAT matter SATV-24449C388A10446FB6D08B1CMatters listed on 10 January 2022 · Parties directed to take instructions from the Registrar 48 hours before the listed date regarding video-conference or physical hearingAppeal: Appeal Nos. 90 of 2020, 103 of 2020, 456 of 2020, 556 of 2020 and 523 of 2020 were listed for 10 January 2022; no disposal on merits recorded.
- SAT matter SATV-2105F7B61F3FCA5D9CF14316Matters adjourned on the respondent's request · Listed for hearing on 4 May 2022Appeal: Appeal Nos. 90, 103, 456, 556 and 523 of 2020 were adjourned; next listing fixed for 4 May 2022
- SAT matter SATV-1D5CA3E84453DC51470E6C95List the appeal on 12 April 2021 · Parties to obtain instructions from the Registrar 48 hours before the listed date regarding video-conference or physical hearingAppeal: Appeal No. 454 of 2020 was pending and adjourned for listing on 12 April 2021; no disposal stated
- SAT matter SATV-2C427DC5697D69ED48F3AE38Matters were part heard · By consent, matters were listed on 23, 24 and 25 February 2026Appeal: Appeal Nos. 90, 103, 456, 523 (with Misc. Application No. 473 of 2020) and 556 of 2020 were part heard; continuation listed by consent for 23-25 February 2026
- SAT matter SATV-2EDE308B5E7DA5B263734ACBList the matters on 10 January 2022. · Parties to obtain instructions from the Registrar 48 hours before the scheduled date regarding video-conference or physical hearing.Appeal: Appeal Nos. 90, 103, 456, 556 and 523 of 2020 were listed for further hearing; no disposal is recorded.
- SAT matter SATV-1FA72E6ED26F92103E420E0ADelay in filing Appeal (L) No. 469 of 2020 condoned; Misc. Application No. 462 of 2020 allowed · Appellant to deposit Rs. 20 lakh before respondent within four weeks, to be kept in interest bearing account subject to appeal resultAppeal: Appeal (L) No. 469 of 2020 with Misc. Application No. 462 of 2020 (delay condoned on 09.12.2020), pending; next listing 18 January 2021
- SAT matter SATV-47083DBC1AE379D82B1AEFDEList Appeals Nos. 90, 103, 456, 556, 523 of 2020 on November 29, 2022Appeal: Appeal Nos. 90, 103, 456, 556, 523 of 2020 and Misc. Application No. 473 of 2020 pending; adjourned on 07.11.2022 to 29.11.2022
- SAT matter SATV-5735C139A6CFA35E89BF615DPart-heard; appeals called for further hearing on November 17, 2025 and November 18, 2025Appeal: Appeal Nos. 90, 103, 456, 523 and 556 of 2020 part-heard on 09.09.2025; next listed Nov 17-18, 2025
- SAT matter SATV-64C9AA8A0A67320AFDCF774EAdjourned on request of learned counsel for SEBI respondent · List matters on May 4, 2022Appeal: Appeal Nos. 90, 103, 456, 556, 523 of 2020 with Misc. Application 473 of 2020 adjourned on 04.04.2022 to 04.05.2022, not disposed
- SAT matter SATV-571622294431E4EB74BD695FMatter listed on January 10, 2022 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearingAppeal: Appeal Nos. 90/2020, 103/2020, 456/2020, 556/2020, 523/2020 and Misc. Application 473/2020 pending; adjourned to 10 January 2022 with no disposal on merits
- SAT matter SATV-612CF5607CECDE7884DC2AE6Adjourned on request of learned counsel for respondent SEBI · List on May 4, 2022Appeal: Appeal Nos. 90, 103, 456, 556, 523 of 2020 with Misc. Application No. 473 of 2020 adjourned on 04.04.2022; next listing May 4, 2022
- SAT matter SATV-6A8EC3A3948AB10A97AC44B6Part heard · Call / next hearing on November 17, 2025 and November 18, 2025Appeal: Appeal Nos. 90, 103, 456, 523, 556 of 2020 part-heard on 09.09.2025; next hearing on 17-18 November 2025
- SAT matter SATV-8737F5AB2B060F7167A32779List appeals for hearing on January 10, 2022 · Parties to take instructions from Registrar 48 hours before fixed date on video-conference vs physical hearingAppeal: Appeal Nos. 90 of 2020, 103 of 2020, 456 of 2020, 556 of 2020 and 523 of 2020 pending; adjourned to January 10, 2022 with no disposal on 22.11.2021
- SAT matter SATV-9DB34B8DBE79EDEF6AFDE307Adjourned by consent on respondent's request; matters to be called on 15.04.2025, 16.04.2025 and 17.04.2025 at 2.30 p.m.Appeal: Appeal Nos. 90 of 2020, 103 of 2020, 456 of 2020, 523 of 2020 with Misc. Application No. 473 of 2020, and 556 of 2020 pending; adjourned on 03.02.2025 to 15-17.04.2025
- SAT matter SATV-3751D175B19DA48FB2CB142FMatter adjourned on the respondent's counsel's request · List the matters on 4 May 2022Appeal: Appeal Nos. 90, 103, 456, 556 and 523 of 2020; order dated 4 April 2022 adjourned the matters and listed them on 4 May 2022
- SAT matter SATV-A7FF6856483E5B43A007A3E2Hearing begun; matter put up on April 15, 2021 for further hearing · Parties to take instructions from Registrar 48 hours before date fixed on video vs physical hearingAppeal: Appeal No. 454 of 2020 pending; hearing begun on 12.04.2021, next hearing April 15, 2021
- SAT matter SATV-B78EBC19BBB7D058AFE39A9FMatter adjourned by consent and listed for hearing on 03.02.2025Appeal: Appeal Nos. 90/2020, 103/2020, 456/2020, 523/2020 with Misc Appln 473/2020, 556/2020 pending before SAT; adjourned to 03.02.2025 vide order dated 10.12.2024
- SAT matter SATV-45091D8F1423DA9A358E1844Matters listed for hearing on 29 April 2026 and 30 April 2026Appeal: Appeal Nos. 90 of 2020, 103 of 2020, 456 of 2020 and 523 of 2020 (with Misc. Application No. 473 of 2020), and Appeal No. 556 of 2020; listed for hearing on 29 April 2026 and 30 April 2026
- SAT matter SATV-B305986E1EAAE731A119B3A5Part heard - listed for further hearing on November 17, 2025 and November 18, 2025Appeal: Appeal Nos. 90 of 2020, 103 of 2020, 456 of 2020, 523 of 2020 and 556 of 2020 part-heard on 09.09.2025, next hearing 17-18 November 2025; Misc. Application No. 473 of 2020 pending with Appeal No. 523 of 2020
- SAT matter SATV-B500C3A4FD031A9D2818C49DCall for further hearing on 09.09.2025, 10.09.2025 and 11.09.2025Appeal: Appeal Nos. 090, 103, 456, 523 and 556 of 2020 pending; no disposal, posted for further hearing on 09-11.09.2025
- SAT matter SATV-BC51DE5AFB60FC6BC6FFB155Part heard · By consent, matter to be called on February 23, 24 and 25, 2026Appeal: Appeal Nos. 90, 103, 456, 523 and 556 of 2020 part-heard on 17.11.2025, next hearing 23-25 Feb 2026
- SAT matter SATV-C9D10A7C4972C1463C21E5D8Time granted as sought by learned Advocate for appellant · Matters to be called on 13.09.2024 by consentAppeal: Appeal Nos. 90 of 2020, 103 of 2020, 456 of 2020, 556 of 2020 and 523 of 2020 with Misc. Application No. 473 of 2020 pending before SAT; adjourned on 23.07.2024 to 13.09.2024 with no disposal on merits
- SAT matter SATV-E14CFFA694D4E2AE388EFAB6Call / listed for hearing on 14.07.2026 and 15.07.2026Appeal: Appeal Nos. 090, 103, 456, 523, 556 of 2020 pending; adjourned to 14.07.2026 and 15.07.2026, order dated 29.04.2026
- SAT matter SATV-5B819792206474E2F7800EDDList the matters on 10 January 2022 · Parties to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearingAppeal: Appeal Nos. 90, 103, 456, 556 and 523 of 2020, with Misc. Application No. 473 of 2020; listed for further hearing on 10 January 2022
- SAT matter SATV-D96328342F66E94C66F22050Heard in part; further hearing fixed for 21.07.2025, 22.07.2025 and 23.07.2025 at 10.30 a.m.Appeal: Appeal Nos. 90/2020, 103/2020, 456/2020, 523/2020 with MA 473/2020, 556/2020 pending; heard in part on 16.04.2025, next hearing July 2025
- SAT matter SATV-E8172B71924A13E7A4531A40Part heard · Listed by consent for hearing on February 23, 24 and 25, 2026
- SAT matter SATV-7214B1EC7595E640B836CD55Matter adjourned on the respondent's counsel's request · List all matters on 4 May 2022Appeal: Appeal Nos. 90 of 2020, 103 of 2020, 456 of 2020, 556 of 2020 and 523 of 2020, with Misc. Application No. 473 of 2020; adjourned on 4 April 2022 and listed for 4 May 2022
- SAT matter SATV-52C0AF423AB981215EEF01B3Part heard; by consent, matter to be called on February 23, 24 and 25, 2026Appeal: Appeal Nos. 90 of 2020, 103 of 2020, 456 of 2020, 523 of 2020 with Misc. Application 473 of 2020, 556 of 2020 part heard on 17.11.2025, adjourned by consent to February 2026
- SAT matter SATV-662C1610D1DADCF54DB11AC5Part heard; posted for further hearing on November 17, 2025 and November 18, 2025Appeal: Appeal Nos. 90, 103, 456, 523 of 2020 and 556 of 2020 part-heard on 09.09.2025; next hearing on 17-18 November 2025
- SAT matter SATV-8D410477574CD56D0AD5073EPut up Appeal No. 454 of 2020 on 20 April 2021 for further hearing · Parties may file written submissions if they so desireAppeal: Appeal No. 454 of 2020 (Care Ratings Limited vs SEBI) pending, adjourned to 20 April 2021 for further hearing
- Failure to monitor RCom NCD ratings with due diligence and significant delay in downgrading after Q3 FY17 deterioration and defaults.AO imposed monetary penalty of Rs 1 crore for CRA violations; SAT final disposal not in excerptAppeal: Appeal No. 454 of 2020 reserved on 20.04.2021, date of decision 09.06.2021; disposal not in excerpt
Source: SecMarx — CARE Ratings 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.