ICICI Bank Limited
Penalties and directions recorded
- Matters adjourned and listed for further hearing on 8 July 2022
- List all matters on 25 March 2022
- Parties to obtain instructions from the Registrar 48 hours before the listed date regarding video or physical hearing
- Parties to obtain Registrar's instructions 48 hours before the listed date regarding video conference or physical hearing
- Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
SAT-appeal
- SAT matter SATV-16D346211EB73D8E39212E3BMatters adjourned and listed for further hearing on 8 July 2022 · Parties directed to act on the digitally signed copy of the orderAppeal: Appeal Nos. 35, 50, 70, 75 and 112 of 2020 were pending; the order dated 6 July 2022 adjourned the matters for further hearing on 8 July 2022
- SAT matter SATV-1BFE27032F2F2395E40D2160Matter adjourned on the respondent's request · List all matters on 25 March 2022Appeal: Appeal Nos. 50, 70, 75 and 112 of 2020, along with Misc. Application No. 113 of 2020, were adjourned and listed on 25 March 2022; no final disposal recorded.
- SAT matter SATV-212A5E85B6112B97381B5958List the appeals on 5 May 2021 · Parties to obtain Registrar's instructions 48 hours before the listed date regarding video conference or physical hearingAppeal: Appeal Nos. 50, 70, 75 and 112 of 2020 were listed for further hearing on 5 May 2021; no disposal on merits stated.
- SAT matter SATV-15ECB4C0CF76C5CD38DC0E8FList Appeals No. 50, 70, 75, 112 of 2020 on May 5, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearingAppeal: Appeal Nos. 50, 70, 75, 112 of 2020 with Misc. Application No. 113 of 2020 pending; heard 15.04.2021, adjourned to 05.05.2021
- SAT matter SATV-3632576963979CAA8E6A01AFAdjourned on request of learned counsel for respondent · List on March 25, 2022Appeal: Appeal Nos. 50, 70, 75, 112 of 2020 with Misc. Application No. 113 of 2020 adjourned, not disposed; next listed March 25, 2022
- SAT matter SATV-57500B894881DF1F246F115EJudgment reserved after hearing parties at length via video conference · Parties to act on digitally signed copy sent by fax and/or emailAppeal: Appeal No. 583 of 2019 (ICICI Bank Limited vs SEBI) - heard at length, judgment reserved on 18.06.2020
- Karvy prima facie misused client securities by pledging them for own fund-raising, not reporting DP account and bank accounts, diverting proceeds to own accounts.WTM ex-parte order dated 22.11.2019 prohibited Karvy from taking new broking clients · Depositories directed not to act on Karvy PoA instructions with immediate effectAppeal: SAT Appeal Nos.35, 50, 70, 75 and 112 of 2020 with Misc.Application 113 of 2020, reserved 22.02.2023, decided 20.12.2023
- SAT matter SATV-7C54E65BE12E5BD89B1CFD91Put up matters for further hearing on July 8, 2022 after hearing counsel for Axis Bank LimitedAppeal: Appeal Nos. 35, 50, 70, 75 and 112 of 2020 pending with Misc. Application No. 113 of 2020; adjourned to 08.07.2022 for further hearing
- SAT matter SATV-78767EF536CB1355FC285978Heard counsel for Axis Bank; put up all matters for further hearing on July 8, 2022Appeal: Appeal Nos. 35, 50, 70, 75 and 112 of 2020 pending; heard in part on 06.07.2022, adjourned to 08.07.2022
- SAT matter SATV-95E1A68A2E17F637A3EDB8FBRespondent arguments completed, rejoinder arguments commenced · Matter posted for further hearing on 28 September 2022 at 12.30 p.m.Appeal: Appeal Nos. 35, 50, 70, 75, 112 of 2020 with Misc. Application No. 113 of 2020 pending; respondent arguments completed, rejoinder started; adjourned to 28.09.2022
- SAT matter SATV-D26E4E5E48DD9D0359F20BE1List Appeal Nos. 50, 70, 75, 112 of 2020 on May 5, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearingAppeal: Appeal Nos. 50, 70, 75, 112 of 2020 with Misc. Application No. 113 of 2020 pending; adjourned to May 5, 2021 by order dated 15.04.2021, not disposed
- Karvy misused clients' securities by pledging through undisclosed DP account and diverting funds to own accounts; WTM held banks' pledge invalid as of fully/partly paid clients without explicit authorization.KSBL prohibited from taking new clients for stock broking activities · Depositories not to act on KSBL instructions under clients' PoA with immediate effectAppeal: Appeal Lodging No.597 of 2019 by Axis Bank against NSDL 23 Nov 2019 communication disposed by SAT on 17 Dec 2019 directing representation to SEBI
- SAT matter SATV-F1A91F32D5F0F2281E09572ERespondent arguments completed; arguments in rejoinder started · Listed on September 28, 2022 at 12.30 p.m. for further hearingAppeal: Appeal Nos. 35, 50, 70, 75, 112 of 2020 with Misc. Application No. 113 of 2020 pending before SAT; respondent arguments completed, rejoinder part-heard, adjourned to 28.09.2022 - not disposed
- SAT matter SATV-7769EC107FC54898E9F5F035Matters were listed for further hearing on 8 July 2022. · Parties were directed to act on the digitally signed copy of the order.Appeal: Appeal Nos. 35, 50, 70, 75 and 112 of 2020 were pending and listed for further hearing on 8 July 2022; no disposal was recorded.
- Karvy misused clients securities by pledging them for own loans, not reporting DP Account No.11458979 and six bank accounts; banks pledge claimed invalid as of fully/ partly paid clients without explicit authorization.KSBL prohibited from taking new clients for stock broking activities · NSDL and CDSL directed not to act on PoA instructions given by KSBL with immediate effectAppeal: Appeal Lodging No.597 of 2019 disposed by SAT order dated 17 December 2019; present Appeals Nos.35,50,70,75,112 of 2020 decided on 20 December 2023
- SAT matter SATV-78D5867459518F23EDC64BF8Respondent counsel arguments continuing; matter put up for further hearing on August 23, 2022 · All parties to act on digitally signed copy; certified copy available from Registry on paymentAppeal: Appeal Nos. 35, 50, 70, 75 and 112 of 2020 pending before SAT; arguments continuing, no disposal on 02.08.2022
- Karvy misused clients' securities by pledging fully/ partly paid clients' shares for own loans; pledge by banks claimed invalid without explicit client authorization.KSBL prohibited from taking new clients for stock broking activities · Depositories not to act on any PoA instructions given by KSBL with immediate effect
- Alleged failure to immediately disclose Binding Implementation Agreement for amalgamation with Bank of Rajasthan under Clause 36 and Regulation 12(2).Impugned AO order imposed Rs 5 lakh each penalty; SAT final findings truncated in provided textAppeal: Appeal No. 583 of 2019 reserved 18.06.2020 decided 08.07.2020 against AO order dated 12.09.2019
- SAT matter SATV-9054DB4F0A14D9B684AAF520Adjourned on request of learned counsel for respondent · List on March 25, 2022Appeal: Appeal Nos. 50, 70, 75 and 112 of 2020 with Misc. Application No. 113 of 2020 adjourned, not disposed; next listing March 25, 2022
- SAT matter SATV-BAFE9B301986D10C10A588D8Respondent arguments completed and rejoinder arguments started · Listed for further hearing on September 28, 2022 at 12.30 p.m.Appeal: Appeal Nos. 35, 50, 112, 70, 75 of 2020 pending; respondent arguments completed, rejoinder started, posted to 28.09.2022
- SAT matter SATV-C556E73D69FD7CD0F1F4D17BHeard senior counsel for Axis Bank Limited and put up all matters for further hearing on July 8, 2022Appeal: Appeal Nos. 35, 50, 70, 75 and 112 of 2020 pending before SAT; part-heard on 06.07.2022 and adjourned to 08.07.2022; Misc. Application No. 113 of 2020 also listed
- SAT matter SATV-E29BBD836B79BCF52824C737Adjourned on request of learned counsel for respondent · List on March 25, 2022Appeal: Appeal Nos. 50, 70, 75 and 112 of 2020 with Misc. Application No. 113 of 2020 heard on 16.02.2022; adjourned and listed on 25.03.2022
- SAT matter SATV-FFE085EBFE4094AAF716BE30Respondent arguments completed, rejoinder started; put up for further hearing on September 28, 2022 at 12.30 p.m. · Parties to act on digitally signed copy; certified copy available from Registry on paymentAppeal: Appeal Nos. 35, 50, 70, 75, 112 of 2020 and Misc. Application No. 113 of 2020 pending; respondent arguments completed, rejoinder started; next hearing 28.09.2022
Other
- SAT matter SATV-CC06AA116A7A8F3702C05C15Respondent arguments completed and rejoinder arguments started · Matter listed for further hearing on 28 September 2022 at 12.30 p.m.Appeal: Appeal Nos. 35, 50, 70, 75, 112 of 2020 with Misc. Application No. 113 of 2020 heard on 27.09.2022; not disposed, adjourned to 28.09.2022 for further hearing
- SAT matter SATV-90D710BF340EC82A02D48F28Heard learned counsel for parties, order reserved · Parties directed to act on digitally signed copy signed by Private Secretary on behalf of benchAppeal: Appeal Nos. 35, 50, 112, 70, 75 of 2020 and Misc. Application No. 113 of 2020 heard on 22.02.2023; order reserved, not disposed
Source: SecMarx — ICICI Bank 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.