GKN Securities

SAT-appeal

• SAT matter SATV-0CB28CA5E55B2952D8C77484
  List the appeals and connected miscellaneous applications on 15 February 2022 · Parties to obtain instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
  Appeal: Appeal Nos. 183, 323, 324, 325, 326, 327, 334 and 337 of 2019 were listed on 20 December 2021 for further hearing on 15 February 2022; no disposal on merits stated.
• SAT matter SATV-114AC2683BA606664DAC5E4A
  All listed appeals were directed to be listed on 10 June 2022.
  Appeal: Appeal Nos. 183, 323, 324, 325, 326, 327 and 334 of 2019 were pending and listed for 10 June 2022; no disposal on merits stated.
• SAT matter SATV-1A80C717816B08FB92A5DAEA
  List the appeals for admission and final disposal on 20 December 2021 · Parties to contact the Registrar 48 hours before the listed date regarding hearing mode
  Appeal: Appeal Nos. 183, 323, 324, 325, 326, 327, 334 and 337 of 2019 listed for admission and final disposal on 20 December 2021; not disposed on 12 November 2021
• SAT matter SATV-1CF1714FA0BA94CF2F483DD4
  Appeals listed for admission and final disposal on 20 December 2021 · Parties directed to contact the Registrar 48 hours before the listed date regarding hearing mode
  Appeal: Appeal Nos. 183, 323, 324, 325, 326, 327 and 334 of 2019 were listed for admission and final disposal on 20 December 2021; no disposal on merits in this order.
• SAT matter SATV-1E93C917BBF13F29902FF85D
  Condonation of 45 days' delay allowed · Exemption application disposed of
  Appeal: Appeal No. 426 of 2025 admitted on 7 October 2025; adjourned by consent to 28 January 2026
• SAT matter SATV-2C798A6F454D7BAC7B16C798
  List the connected appeals on 10 June 2022. · Parties to act on the digitally signed copy of the order.
  Appeal: Appeal Nos. 183, 323, 324, 325, 326, 327, 334 and 337 of 2019 were pending and directed to be listed on 10 June 2022.
• SAT matter SATV-2C3BA93CA7EA1F104E902210
  List the appeals and connected miscellaneous applications on 15 February 2022. · Parties to obtain instructions from the Registrar 48 hours before the hearing regarding video conference or physical hearing.
  Appeal: Appeal Nos. 183, 323, 324, 325, 326, 327, 334 and 337 of 2019 were listed for 15 February 2022; no disposal on merits stated.
• Preferential and non-transparent access to co-location/P2P connectivity through unauthorized telecom provider Sampark, conferring latency advantage on W2W and GKN and violating fair, equal and unrestricted access obligations.
  SAT heard eight appeals filed by 11 of 17 noticees against the WTM common order dated 30 April 2019. · WTM directions included disgorgement with interest against NSE, W2W and GKN and restraint orders for other noticees.
  Appeal: Appeal Nos. 334, 183, 323, 324, 325, 326, 327 of 2019 and connected matters were heard by SAT; the supplied extract does not state their final disposal.
• Permitting P2P dark-fibre colo connectivity via unauthorized provider Sampark conferring latency advantage and preferential access; NSE lack of transparency on authorized TSPs.
  Appeal: 16 appeals Nos. 445,464,465,466,482,483,484,531,532,533,540,541,559,623,842,843 of 2022 against AO common order dated 28 June 2022; reserved 28.08.2023, decided 14.12.2023
• NSE allowed W2W and GKN P2P dark-fibre via unlicensed Sampark conferring latency advantage and preferential treatment versus other brokers.
  Disgorgement with interest for NSE, Way2wealth and GKN per WTM order · Restraint from holding position or association with listed company for individual noticees
  Appeal: Appeal No.334 of 2019 with Nos.183,323,324,325,326,327,337 of 2019; hearing 23.02.2023; SAT decision 09.08.2023
• NSE allowed W2W and GKN P2P dark-fibre via unlicensed Sampark conferring latency advantage, denying others, violating fair transparent access as MII.
  Disgorgement with interest and other directions against NSE, W2W and GKN · Restraint on other noticees directly/indirectly from holding position or associating with any listed company for different periods
  Appeal: Appeal Nos. 334, 183, 323, 324, 325, 326, 327, 337 of 2019 heard 23.02.2023, decided 09.08.2023
• SAT matter SATV-7FA2C1B156F550924C2FAC79
  Appeal allowed to be withdrawn · Appellant directed to pay penalty imposed under impugned order within three months
  Appeal: Appeal No. 207 of 2014 withdrawn and disposed on 24.02.2016
• Irregularities in NSE colocation P2P dark-fibre connectivity via unauthorised Sampark conferring latency advantage to W2W and GKN in collusion with NSE employees.
• Alleged preferential access to NSE colocation via P2P dark-fibre from unauthorised provider Sampark conferring latency advantage to brokers W2W and GKN.
  Appeal: 16 appeals Nos. 445, 464, 465, 466, 482, 483, 484, 531, 532, 533, 540, 541, 559, 623, 842, 843 of 2022 against AO order dated 28 June 2022; reserved 28.08.2023, decision 14.12.2023
• Alleged discriminatory and non-transparent P2P connectivity practices at NSE, including permitting unauthorized Sampark dark-fibre connectivity that gave W2W and GKN an unfair latency advantage.
  Appeals challenged the WTM common order dated 30 April 2019 issuing disgorgement, interest and restraint directions. · SAT heard the connected appeals and considered each appellant's case separately.
  Appeal: Appeal Nos. 334 of 2019, 183 of 2019, 323 of 2019, 324 of 2019, 325 of 2019, 326 of 2019 and 327 of 2019; hearing on 23 February 2023; decision dated 9 August 2023.
• Preferential colo P2P dark-fibre access via unauthorised provider Sampark to brokers W2W and GKN conferring latency advantage, in violation of Section 12A and PFUTP Regs 3,4.
  Appeal: Appeal Nos.445,464-466,482-484,531-533,540,541,559,623,842,843 of 2022; reserved 28.08.2023, decided 14.12.2023; disposal not in excerpt
• SAT matter SATV-D93FA0FA1BBF7CA19B4448CF
  Matter adjourned by consent to be called on October 7, 2025
  Appeal: Appeal No. 426 of 2025 pending before SAT; adjourned by consent to October 7, 2025
• Preferential and non-transparent access to NSE colocation/P2P connectivity, including unauthorized Sampark dark-fibre connectivity, allegedly conferring latency advantages on W2W and GKN.
  Appeals challenged the common WTM order dated 30 April 2019 issuing disgorgement, interest and restraint directions. · Order text provided ends while setting out the findings against NSE; final SAT disposition is not included.
  Appeal: Appeal Nos. 334 of 2019, 183 of 2019, 323 of 2019, 324 of 2019, 325 of 2019, 326 of 2019, 327 of 2019 and 337 of 2019; hearing 23 February 2023; decision dated 9 August 2023. Disposition not present in supplied text.
• NSE gave preferential P2P dark-fibre colo connectivity via unlicensed Sampark to W2W/GKN conferring latency advantage, denying others, lacking transparency and fairness.
  WTM: disgorgement with interest plus other directions on NSE, W2W and GKN · WTM: restraint on other individual noticees from holding position or association with listed company for varying periods
  Appeal: 8 appeals Nos.334,183,323,324,325,326,327,337 of 2019 against WTM order dated 30.04.2019, hearing 23.02.2023, decision 09.08.2023
• SAT matter SATV-71771E9809715A6857D99CF9
  Call on 22.04.2026
  Appeal: Appeal No. 426 of 2025 - GKN Securities vs SEBI - pending; adjourned to 22.04.2026 vide order dated 28.01.2026
• SAT matter SATV-7CC58F9CB0AE9D2EB3578736
  NSE to furnish details to appellant by end of the day · Rs. 4.8 crores deposited by appellant to be placed in interest-bearing account
  Appeal: Appeal No. 426 of 2025 pending; procedural order dated 22.04.2026; next date 06.08.2026
• Allowing W2W and GKN P2P dark-fibre via unlicensed Sampark conferring latency advantage; non-transparent, preferential and discriminatory access by NSE.
  Disgorgement with interest on NSE, W2W and GKN per WTM order · Restraint on other noticees from holding position or association with listed company for different periods
• Preferential access to NSE colocation via P2P dark-fibre from unauthorised provider Sampark conferring latency advantage to W2W and GKN.
  AO imposed varying penalties under Sec 15HA/15HB SEBI Act and Sec 23H SCRA for Sec 12A/PFUTP violations
  Appeal: 16 SAT Appeals Nos.445,464,465,466,482,483,484,531-533,540,541,559,623,842,843 of 2022 vs AO order 28.06.2022; reserved 28.08.2023, decided 14.12.2023
• Direct beneficiary of NSE preferential treatment and collusion by continuing to use Sampark point-to-point dark fibre line despite knowing Sampark lacked licence, gaining latency advantage.
  Stay of effect and operation of impugned WTM order qua appellants subject to deposit condition · Deposit amount to be kept in interest bearing account subject to result of appeal; interim vacated automatically on default
  Appeal: Appeal No. 183 of 2019 pending; interim stay granted 06.05.2019 subject to deposit; next listing 22.07.2019
• Preferential P2P dark-fibre connectivity via unlicensed Sampark giving unfair latency advantage to W2W and GKN; NSE failed to ensure equal, transparent, fair access to all trading members.
  Disgorgement with interest and other directions against NSE, Way2wealth and GKN per WTM order · Restraint for varying periods on other noticees from directly/indirectly holding position or association with listed company
  Appeal: Appeal Nos. 334, 183, 323, 324, 325, 326, 327, 337 of 2019 with Misc. Applications 233-235 of 2019; hearing 23.02.2023, decision 09.08.2023