Hemang S Shah

5 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Penalty reduced to Rs 5 Lakhs for each appellant
Excess penalty, if paid, to be refunded
Both ex parte adjudication orders dated 05.06.2013 set aside by consent
All matters restored to Adjudicating Officer for fresh order on merits per law
Penalty reduced to Rs. 5 lakhs qua each appellant

SAT-appeal

SAT matter SATV-24D43E7E96117B3D65B38AC3
Appeals allowed in part · Penalty reduced to Rs 5 Lakhs for each appellant
Appeal: Appeal Nos 796-801 of 2022 and 199 of 2023 allowed in part on 11.08.2025; penalty reduced
SAT matter SATV-681B0F376AC21211BE1BF673
Both ex parte adjudication orders dated 05.06.2013 set aside by consent · All matters restored to Adjudicating Officer for fresh order on merits per law
Appeal: Appeal Nos. 166, 161, 162, 163, 164, 165, 167 and 168 of 2013 disposed on 18.12.2013 by consent - impugned orders set aside and remanded
SAT matter SATV-683275D46977EF4D873CFEBF
Appeals allowed in part · Penalty reduced to Rs. 5 lakhs qua each appellant
Appeal: Appeal Nos. 796-801 of 2022 and 199 of 2023 allowed in part on 11 August 2025
SAT matter SATV-D0E14ADDD62C99D77E6DDBC0
Impugned two ex parte adjudication orders both dated 05.06.2013 set aside by consent · All matters restored to Adjudicating Officer for fresh order on merits in accordance with law after hearing
Appeal: Appeal Nos. 161, 162, 163, 164, 165, 166, 167, 168 of 2013 disposed of on 18.12.2013 by consent remand
SAT matter SATV-9341E01022E23B1B79A7EDA7
Appeals allowed in part · Penalty reduced to Rs 5 Lakhs qua each appellant
Appeal: Appeal Nos. 796-801 of 2022 and 199 of 2023 allowed in part on 11 August 2025

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Source: SecMarx — Hemang S Shah. 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.