Chandra Shekhar Reddy A

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Both appeals dismissed summarily with no error found in SCORES disposal orders

SAT-appeal

Appellants alleged that MCX and its clearing corporation failed to address negative pricing in crude-oil futures, causing collapse of margin and risk mechanisms and improper settlement losses.
Appeal No. 349 of 2020 dismissed summarily. · Appeal No. 289 of 2020 dismissed summarily.
Appeal: Appeal Nos. 349 of 2020 and 289 of 2020 dismissed by SAT on 18 December 2020.
SAT matter SATV-4304288F49D5CFB2452DEF2A
Both appeals heard together as raising common issue · Order reserved
Appeal: Appeal Lodging Nos. 353/2020 and 295/2020 with Misc. Apps 359, 480, 303/2020 - order reserved on 03.12.2020
Alleged systematic failure by MCX/MCXCCL in allowing negative settlement price for crude oil futures, collapse of margin and risk mechanism with no system provision for negative price trading.
Delay in filing Appeal No. 349 of 2020 and Appeal No. 289 of 2020 condoned · Exemption from filing certified copy allowed in Appeal No. 349 of 2020
Appeal: Appeal No. 349 of 2020 and Appeal No. 289 of 2020 reserved on 03.12.2020 and dismissed summarily by SAT order dated 18.12.2020
SAT matter SATV-B647FF1B6DC04BB04A36FF61
Both appeals heard together as raising common issue · Order reserved after hearing

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Source: SecMarx — Chandra Shekhar Reddy A. 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.