IIFL Securities Ltd.

SAT-appeal

• SAT matter SATV-027180F484319CC301F88DDA
  Application allowed. · Order dated 21 June 2023 corrected.
  Appeal: Appeal No. 527 of 2023 was pending and directed to be listed for admission on 27 June 2023; no disposal on merits stated.
• Alleged mis-utilisation of client funds; dispute concerns calculation of penalty by treating bank guarantees as equivalent to 50% of cash margin.
  SEBI to file reply within three weeks from 18 July 2022 · Appellant to deposit 50% of the penalty amount
  Appeal: Appeal No. 387 of 2022; interim order dated 18 July 2022. Matter listed for admission and final disposal on 14 September 2022.
• SAT matter SATV-0E4B99612A1677A9BC626A9F
  Matter listed for 30 July 2021 · Parties directed to obtain instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
  Appeal: Appeal No. 512 of 2019 was pending and listed for 30 July 2021; no disposal on merits stated.
• SAT matter SATV-1DCD2F551E69DAB4F29AEC9B
  Arguments to continue on 22 November 2023
  Appeal: Appeal Nos. 387 and 388 of 2022 and Appeal No. 527 of 2023 were heard; arguments were adjourned for continuation on 22 November 2023.
• SAT matter SATV-25492F7CB30674E17C16E07F
  Appellant granted one week's time to file rejoinder · Matters listed for 6 October 2023
  Appeal: Appeal Nos. 387 of 2022 and 388 of 2022, and Appeal No. 527 of 2023, were pending before SAT; hearing adjourned to 6 October 2023.
• SAT matter SATV-32976421495AFC15BD8C8DFA
  Three weeks' time granted to the appellant to file rejoinder · Appeals listed for hearing on 28 November 2022
  Appeal: Appeal Nos. 387 and 388 of 2022; order dated 19 October 2022 granted three weeks to file rejoinder and listed the matters on 28 November 2022; no disposal stated
• SAT matter SATV-36E10A402F9E1A7A2A24AFCC
  Put up on November 23, 2023 for continuation of rejoinder arguments
  Appeal: Appeal Nos. 387 of 2022, 388 of 2022, 527 of 2023 and Misc. Application No. 776 of 2023 pending; rejoinder continuing, next hearing 23.11.2023
• Mixing client funds with proprietary funds in pool/control accounts, using credit-balance client funds for debit-balance/proprietary settlements and failure to designate client accounts, violating SEBI circular dated 18 November 1993.
  WTM restrained appellant from taking up/onboarding any new client for 2 years as stockbroker · AO imposed maximum penalty of Rs 1 crore in each of two adjudication proceedings under Section 23D SCRA
  Appeal: Appeal Nos. 387/2022, 388/2022 and 527/2023 with Misc. Application 776/2023 heard 23.11.2023 decided 07.12.2023
• SAT matter SATV-A199D4315BC67A1F76B44E90
  List on November 2, 2023
  Appeal: Appeal Nos. 387 of 2022, 388 of 2022 and 527 of 2023 pending; order dated 19.10.2023 adjourns/lists matter on November 2, 2023
• SAT matter SATV-A13CF7A7FDE7430B715F2FFD
  Three weeks time allowed to appellants to file rejoinder · Matter listed on January 04, 2023
  Appeal: Appeal Nos. 387 of 2022 and 388 of 2022 pending; rejoinder permitted; next listing January 04, 2023
• SAT matter SATV-A9F2BC9784D856AA2D06FA2A
  Three weeks time allowed to appellant to file rejoinder · List on October 19, 2022
  Appeal: Appeal No. 387 of 2022 with Misc. Application 668 of 2022 and Appeal No. 388 of 2022 with Misc. Application 669 of 2022 pending; adjourned for rejoinder, listed on October 19, 2022
• Mixing clients' funds with proprietary funds via common control accounts and using credit balance clients' funds for debit balance clients' and proprietary settlement obligations.
  Effect and operation of impugned WTM order stayed during pendency of appeal · Respondent to file reply within three weeks from 27.06.2023
  Appeal: Appeal No. 527 of 2023 with Misc. Application No. 776 of 2023 by IIFL Securities; stay granted on 27.06.2023, pending, next date 23.08.2023
• SAT matter SATV-C14E1A82EF15C046F2EAADC6
  List appeal for admission on 27th July, 2023
  Appeal: Misc. Application No.776 of 2023 and Appeal Lodging No.474 of 2023 by IIFL Securities Ltd. vs SEBI; order dated 21.6.2023 lists appeal for admission on 27th July, 2023
• SAT matter SATV-CC4A75140C26F850B01B1F25
  List matters on November 2, 2023
  Appeal: Appeal Nos. 387 of 2022, 388 of 2022 and 527 of 2023 pending with Misc. Application No. 776 of 2023; adjourned to November 2, 2023
• Alleged mis-utilisation of client funds by IIFL Securities Ltd. based on counting bank guarantee at 50% of cash margin deposited
  Connect with Appeal No. 38 of 2022 · Respondent to file reply; appellant may file rejoinder
  Appeal: Misc. Application No. 669 of 2022 in Appeal No. 388 of 2022 pending; conditional interim relief ordered 18.07.2022; next hearing 14.09.2022
• SAT matter SATV-F981F8A854919FEE4E188879
  Three weeks time allowed to appellants to file rejoinder · List on January 04, 2023
  Appeal: Appeal No. 387 of 2022 and Appeal No. 388 of 2022 pending; rejoinder stage, listed on January 04, 2023
• SAT matter SATV-6873D3D61FD2EE40B9B74042
  Appeals adjourned on the appellant's request · Listed for hearing on 30 June 2023
  Appeal: Appeal Nos. 387 and 388 of 2022; order dated 26 April 2023 adjourned the matters and listed them for 30 June 2023
• SAT matter SATV-624EF99E9859FB3A8CBE475E
  Rejoinder arguments continuing; matter put up on November 23, 2023 for continuation
  Appeal: Appeal Nos. 387 of 2022, 388 of 2022 and 527 of 2023 pending before SAT; rejoinder continuing, next hearing November 23, 2023
• SAT matter SATV-8A55CE34F8E1D00963C75159
  Three weeks time allowed to appellant to file rejoinder · Matter listed on October 19, 2022
  Appeal: Appeal Nos. 387 and 388 of 2022 with Misc. Applications Nos. 668 and 669 of 2022 pending at rejoinder stage
• SAT matter SATV-8D6F5C86BE815DEFD2CCBE6C
  Matter part-heard; listed on November 22, 2023 for continuation of respondent arguments
  Appeal: Appeal Nos. 387 of 2022, 388 of 2022, 527 of 2023 and Misc. Application No. 776 of 2023 pending part-heard
• SAT matter SATV-8F1A4D462A63AC4E76AF2008
  One week's time allowed to appellant to file rejoinder · Matter listed on October 6, 2023
  Appeal: Appeal Nos. 387 of 2022, 388 of 2022 and 527 of 2023 with Misc. Application No. 776 of 2023 pending; rejoinder stage, next date October 6, 2023
• SAT matter SATV-90688D82ABEF1B7F3D4A525E
  Put up on November 23, 2023 for continuation of rejoinder arguments
  Appeal: Appeal Nos. 387 of 2022, 388 of 2022 and 527 of 2023 with Misc. Application 776 of 2023 pending; rejoinder continuing
• SAT matter SATV-B0B99BB07EC7904ADFC1AF36
  List Appeal No. 387 of 2022 and Appeal No. 388 of 2022 on August 23, 2023 alongwith Appeal No. 527 of 2023
  Appeal: Appeal No. 387 of 2022 and Appeal No. 388 of 2022 heard on 30.06.2023; adjourned to 23.08.2023 for hearing with Appeal No. 527 of 2023; no disposal on merits
• SAT matter SATV-C08083D952F18A03644E16A9
  List matter on 7 April 2021 · Send scanned copies of memo of appeal etc. in pdf format in the meanwhile
  Appeal: Appeal No. 512 of 2019 heard on 23.3.2021, adjourned to 7 April 2021, pending with no disposal
• Failure to segregate own and client funds, mixing funds in pool/control accounts and using credit-balance client funds for debit-balance clients/proprietary settlements.
  WTM restrained appellant from taking up/onboarding new clients for 2 years as stockbroker · AO imposed maximum penalty of Rs 1 crore in each of two adjudication proceedings
  Appeal: Appeal Nos. 387 and 388 of 2022 and 527 of 2023 with Misc. Application 776 of 2023 heard 23.11.2023, decided 07.12.2023
• Failure to segregate own/client funds, mixing funds in pool/control accounts and using credit-balance client funds for debit-balance/proprietary settlements in violation of 1993 circular.
  WTM restrained IIFL from taking up/onboarding new clients for 2 years as stockbroker · AO imposed Rs 1 crore penalty in each of two proceedings under Section 23D SCRA
  Appeal: Appeal Nos. 387 and 388 of 2022 and 527 of 2023 with Misc. App. 776 of 2023 heard 23.11.2023, decided 07.12.2023
• SAT matter SATV-F027687BB2C4CBF3A5B1AC61
  Adjourned on request of learned counsel for appellant · List on April 26, 2023; parties to act on digitally signed copy
  Appeal: Appeal No. 387 of 2022 and Appeal No. 388 of 2022 adjourned, next date April 26, 2023