IndusInd Bank Limited

112 matters before the Securities Appellate Tribunal

Penalties and directions recorded

List all matters on 27 June 2022
Matters adjourned due to non-availability of the bench
List all matters on 18 May 2023
Matters adjourned by consent to 21 October 2024
Matters listed on 27 February 2023 pursuant to mention by senior counsel in Appeal No. 963 of 2022

SAT-appeal

SAT matter SATV-0012A5DFF9B213F51D5D395E
Karvy Stock Broking Limited granted one last opportunity to file a reply in HDFC Bank Ltd.'s appeal within two weeks from 18 October 2021 · Rejoinder, if any, to be filed within one week thereafter
Appeal: Appeal Nos. 35, 50, 112 and 70 of 2020, and Appeal No. 75 of 2020 were pending; listed for final disposal on 22 November 2021.
SAT matter SATV-028A537DF962AB900F40E3AB
Karvy Stock Broking Limited granted one last opportunity to file a reply in HDFC Bank Ltd.'s appeal within two weeks from 18 October 2021 · Rejoinder, if any, may be filed within one week thereafter
Appeal: Appeal Nos. 35, 50, 112, 70 and 75 of 2020 were pending; listed for final disposal on 22 November 2021
SAT matter SATV-02DFB7B22D2FB40DB2C9314B
List all matters on 27 June 2022 · Parties to act on the digitally signed copy of the order
Appeal: Appeal Nos. 35, 50, 112, 70 and 75 of 2020 were listed; no disposal on merits recorded in this order dated 27 April 2022.
SAT matter SATV-045417F8207B0CA722FACF1C
Matters adjourned due to non-availability of the bench · List all matters on 18 May 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 were adjourned on 31 March 2023; listed for 18 May 2023
SAT matter SATV-06A042764C094DCA6B70C6AB
Matters adjourned by consent to 21 October 2024
Appeal: Appeals Nos. 875, 961, 962, 963, 964 and 965 of 2022 were adjourned on 13 September 2024; interim orders had been granted and matters were repeatedly adjourned.
SAT matter SATV-06C6CAEDB8C3E247BF94EBD7
Hearing in the appeals was adjourned and directed to recommence on 15 September 2022 · Parties directed to act on the digitally signed copy of the order
Appeal: Appeal Nos. 50 of 2020, 112 of 2020, 70 of 2020 and 75 of 2020 were pending; hearing adjourned on 24 August 2022 to 15 September 2022
SAT matter SATV-08CA1EC73D538E663FFDF4B7
Matters listed on 27 February 2023 pursuant to mention by senior counsel in Appeal No. 963 of 2022 · Parties directed to act on the digitally signed copy of the order
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 were listed together; no disposal on merits stated.
SAT matter SATV-0C21B257721B3954D7FDEBCF
Appeals to be connected with Appeal No. 875 of 2022 (Aditya Birla Finance Ltd. v. SEBI) · List on 23 January 2023 for admission and final disposal
Appeal: Appeal Nos. 961, 962, 963, 964 and 965 of 2022; order dated 30 November 2022 directed connection with Appeal No. 875 of 2022 and listing on 23 January 2023
SAT matter SATV-0D955E276F1099E98E3E1274
Matters adjourned due to non-availability of the bench · List the matters on 17 May 2024
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 were adjourned by SAT on 11 March 2024; no disposal on merits.
SAT matter SATV-11ED8DDE63820667BAE648EF
List the appeals for final disposal on 6 September 2021. · Extend any existing interim order until the next date.
Appeal: Appeal Nos. 35, 50, 112, 70 and 75 of 2020 were pending; listed for final disposal on 6 September 2021.
SAT matter SATV-1462C401E10C61A8BE8FBCC8
Matters adjourned due to non-availability of the bench · List all matters on 17 May 2024
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 were adjourned on 11 March 2024; listed for 17 May 2024
SAT matter SATV-149CFF7B558E76DBAB98B79B
Impugned order's debarrment and penalty stayed pending appeal, subject to deposit of 50% of penalty · Balance penalty not to be recovered during pendency of appeals if required deposit is made
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 were pending; listed for admission and final disposal on 31 March 2023
SAT matter SATV-1B808900C1C07F86420FA1F6
Appeals were part heard. · Matters listed for further hearing on 19 November 2025 and 20 November 2025 at 2:30 P.M.
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 were part heard; continuation listed for 19 and 20 November 2025.
SAT matter SATV-16D346211EB73D8E39212E3B
Matters adjourned and listed for further hearing on 8 July 2022 · Parties directed to act on the digitally signed copy of the order
Appeal: 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-1BFE27032F2F2395E40D2160
Matter adjourned on the respondent's request · List all matters on 25 March 2022
Appeal: 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-2191623886286A9B70D5E7D4
Matters adjourned on SEBI’s request. · List the appeals on 27 April 2022.
Appeal: Appeal Nos. 35, 50, 112, 70 and 75 of 2020 were adjourned on 25 March 2022; listed for 27 April 2022.
SAT matter SATV-215727D6EE808705E2E013CB
Karvy Stock Broking Limited granted one last opportunity to file a reply in HDFC Bank Ltd.'s appeal. · Rejoinder, if any, may be filed thereafter.
Appeal: Appeal Nos. 35, 50, 112, 70 and 75 of 2020, with Misc. Application No. 113 of 2020; order dated 18 October 2021 granted time for reply and continued interim relief, with final disposal listed for 22 November 2021.
SAT matter SATV-21DDE3FCBB98D09EB32D55E0
Appeals connected with Appeal No. 875 of 2022 and listed for 23 January 2023 · SEBI to file reply within three weeks from 30 November 2022
Appeal: Appeal Nos. 961, 962, 963, 964 and 965 of 2022 were before SAT; connected with Appeal No. 875 of 2022 and listed for 23 January 2023. No disposal on merits.
SAT matter SATV-133F3ACEFBB70270FDDC52CF
Appeals to be connected with Appeal No. 875 of 2022 and listed on 23 January 2023 · SEBI may file reply within three weeks from 30 November 2022
Appeal: Appeal Nos. 961, 962, 963, 964 and 965 of 2022 were before SAT; connected with Appeal No. 875 of 2022 and adjourned for listing on 23 January 2023.
SAT matter SATV-212A5E85B6112B97381B5958
List the appeals on 5 May 2021 · Parties to obtain Registrar's instructions 48 hours before the listed date regarding video conference or physical hearing
Appeal: 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-26CF503D742C047B8B018DA0
Adjournment granted by consent · Matters listed for 5 August 2024
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 were listed before SAT on 17 May 2024; adjourned to 5 August 2024, with any interim order continuing.
SAT matter SATV-37655EB61D85DB10D61BAFAD
Matters adjourned due to non-availability of the bench · List all matters on 17 May 2024
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 were adjourned on 11 March 2024; next listing fixed for 17 May 2024
SAT matter SATV-318D46594D51CD50E806FDE8
Three weeks granted to appellants to file rejoinder · Matters listed for 22 February 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 were pending; rejoinder time granted and matters listed for 22 February 2023
SAT matter SATV-15ECB4C0CF76C5CD38DC0E8F
List 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 hearing
Appeal: 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-282A38AA205C8726D84969D6
Last opportunity to Karvy Stock Broking Ltd to file reply in HDFC Bank appeal within two weeks · Rejoinder, if any, may be filed within a week thereafter
Appeal: Appeal Nos. 35, 50, 70, 75, 112 of 2020 with Misc. Application 113 of 2020 pending before SAT; interim relief extended; listed for final disposal on 22 November 2021
SAT matter SATV-3632576963979CAA8E6A01AF
Adjourned on request of learned counsel for respondent · List on March 25, 2022
Appeal: 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-491EBB6CEAB2E619B87C510F
Matters adjourned by consent, to be listed on October 21, 2024
SAT matter SATV-376F6A19FFF21072F7E9032A
Matters adjourned due to non-availability of bench · List matters on May 18, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 adjourned on 31.03.2023; next listing May 18, 2023; no disposal
SAT matter SATV-4BC53FEC3B3352C4C8163BAB
Matters adjourned by consent and to be called on October 21, 2024 · Interim order in favour of appellants noted as continuing
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 pending before SAT; adjourned to October 21, 2024 with interim order continuing
SAT matter SATV-564B9F7574DA140E993BA5DD
Adjournment granted by consent; matters to be called on March 4, 5 and 6, 2026 at 2:30 p.m.
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending before SAT; adjourned on 20.01.2026 with no disposal
SAT matter SATV-455C8EBF0BBED8C4A4F4D941
Connected with Appeal No. 875 of 2022 (Aditya Birla Finance Ltd. vs SEBI) and listed on 23 January 2023 · Respondent SEBI may file reply within 3 weeks; rejoinder within 3 weeks thereafter for admission and final disposal
Appeal: Appeal Nos. 961, 962, 963, 964, 965 of 2022 pending; connected with Appeal No. 875 of 2022; next listing 23 January 2023 for admission and final disposal
SAT matter SATV-3D8C8FC9CA402212DF4C5AD9
Part heard · Listed for further hearing on June 16, 2026 at 02:30 P.M.
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 part heard on 04.03.2026; next hearing June 16, 2026
SAT matter SATV-4908508B7E2DD06E06D4BDB1
Matters adjourned due to non-availability of bench · Interim order, if any, to continue till next date of listing
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 adjourned on 11.03.2024, next listing on May 17, 2024 with interim orders continued
SAT matter SATV-5501D14F83AA767E7EA14FC6
Part heard; listed for further hearing on 20.01.2026 and 21.01.2026 at 02:30 p.m.
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 part-heard on 19.11.2025; to be called on 20.01.2026 and 21.01.2026
SAT matter SATV-6038821B1524187BC6C7CD7E
Matters adjourned on account of non-availability of the bench · List matters on May 18, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending before SAT; adjourned on 31.03.2023, next date May 18, 2023
SAT matter SATV-6C8D51FFF842A9AFF187F6C7
Heard in part · Listed for further hearing on January 31, 2025 at 10:30 A.M.
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 heard in part on 15.01.2025; adjourned to 31.01.2025
SAT matter SATV-7643898ED4968E5FFF991360
By consent, matters to be called on February 11, 2025 at 2:30 p.m.
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending before SAT; adjourned on 10.02.2025, not disposed
SAT matter SATV-63864806811C6CC6755A79DA
By consent, matters to be called on 15.01.2025 at 2.30 p.m.
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending before SAT; not disposed on 27.11.2024, adjourned to 15.01.2025
SAT matter SATV-6A453A145FF824A4FF08C4A0
Matters adjourned on account of non-availability of bench · List on May 18, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 pending before SAT, adjourned to May 18, 2023 vide order dated 31.03.2023
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 effect
Appeal: 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-7612CD9CBC762F3048EE9B02
Matter adjourned by consent to be called on August 22, 2025
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending before SAT; no disposal, adjourned to 22.08.2025
SAT matter SATV-7B204396EF3CB2C6A01EA601
Call on September 19, 2025
SAT matter SATV-7C54E65BE12E5BD89B1CFD91
Put up matters for further hearing on July 8, 2022 after hearing counsel for Axis Bank Limited
Appeal: 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-78767EF536CB1355FC285978
Heard counsel for Axis Bank; put up all matters for further hearing on July 8, 2022
Appeal: 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-89C52F7C7D0452E938CE050A
Part heard, adjourned on appellants' request · Call on August 7, 2026 at 2:30 p.m.
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 part-heard on 16.06.2026, adjourned to 07.08.2026
SAT matter SATV-92DD5FFA30B9B3D7349A26A8
Matters listed on June 27, 2022 · Parties to act on digitally signed copy signed by Private Secretary on behalf of bench
Appeal: Appeal Nos. 35, 50, 70, 75, 112 of 2020 and Misc. Application No. 113 of 2020 pending; adjourned to 27.06.2022 vide order dated 27.04.2022
SAT matter SATV-95E1A68A2E17F637A3EDB8FB
Respondent 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-9742D509CC5EBACA0FB3B266
Adjourned on request of respondent SEBI · List matters on April 27, 2022
Appeal: Appeal Nos. 35, 50, 70, 75, 112 of 2020 and Misc. Application No. 113 of 2020 pending; adjourned on 25.03.2022 to 27.04.2022; no disposal
SAT matter SATV-4135B50644E7A0273306FE06
Appeals to be connected with Appeal No. 875 of 2022 and listed on 23 January 2023 · SEBI may file replies within three weeks from 30 November 2022
Appeal: Appeals Nos. 961, 962, 963, 964 and 965 of 2022 were taken up together; connected with Appeal No. 875 of 2022 and listed for further proceedings on 23 January 2023.
SAT matter SATV-91FCDE4D1FE6930480E042D2
List these appeals for final disposal on September 06, 2021 · Interim order, if any, extended till the next date
Appeal: Appeal Nos. 35, 50, 112, 70, 75 of 2020 and Misc. Application No. 113 of 2020 pending; adjourned to 06 September 2021 with interim extended
SAT matter SATV-A533B7A7B8C127859BFBE532
List these appeals on December 11, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending; adjourned to December 11, 2023 vide order dated 18.10.2023
SAT matter SATV-9FD95CB79D412BFB1435D6E8
Adjourned on request of counsel for appellant in Appeal No. 961 of 2022 and listed on July 12, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending before SAT; adjourned to July 12, 2023
SAT matter SATV-AC02BC92DAF08982A7B087F0
List these appeals on December 11, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending; adjourned to December 11, 2023 vide order dated 18.10.2023
SAT matter SATV-B47FC8ED2EAA0E39C9FC5EB0
Adjourned on request of respondent SEBI · List matters on April 27, 2022
Appeal: Appeal Nos. 35 of 2020, 50 of 2020, 112 of 2020, 70 of 2020, 75 of 2020 with Misc. Application No. 113 of 2020 pending; adjourned to 27 April 2022
SAT matter SATV-BF14E0F3F22CBA21A802197F
Matters adjourned by consent, to be called on October 21, 2024
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending before SAT; heard 13.09.2024 and adjourned to 21.10.2024 with existing interim order continuing
SAT matter SATV-A59F44B5C16DEA3B91C03400
List Appeal Nos. 35, 50, 112, 70, 75 of 2020 on June 27, 2022 · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 35, 50, 70, 75, 112 of 2020 and Misc. Application No. 113 of 2020 heard on 27.04.2022; adjourned to 27.06.2022; pending, not disposed
SAT matter SATV-AD15E2769EF2E5AF892C558C
Three weeks time allowed to appellants to file rejoinder · List on February 22, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 with Misc. Applications 116, 117, 127, 131 of 2023 pending; adjourned to 22.02.2023 for rejoinder
SAT matter SATV-B110F7C25F8A154A31DB5E04
Matters adjourned by consent; to be called on October 21, 2024
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending before SAT; adjourned to 21.10.2024 with interim order continuing
SAT matter SATV-C1342BE5201790788ECE9084
List these appeals on December 11, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 pending; next listing on December 11, 2023
SAT matter SATV-C078D53889D87D00F734FBE3
List these appeals on December 11, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 pending before SAT; listed on December 11, 2023
SAT matter SATV-B4E5488001C27A32827EACE2
Hearing to recommence on September 15, 2022 for further hearing · Parties to act on digitally signed copy by Private Secretary on behalf of bench
Appeal: Appeal Nos. 50, 112, 70, 75 of 2020 with Misc. Application No. 113 of 2020 pending before SAT; heard on 24.08.2022 and adjourned to 15.09.2022 for further hearing
SAT matter SATV-CBC69781E51372410990861A
List Appeal Nos. 35, 50, 112, 70 and 75 of 2020 for final disposal on September 06, 2021 · Interim order, if any, extended till the next date
Appeal: Appeal Nos. 35, 50, 112, 70 and 75 of 2020 pending before SAT; listed for final disposal on September 06, 2021 with interim extended
SAT matter SATV-4755ADD241CE3A783B22A1AE
Matters were part-heard. · All appeals were directed to be listed on 16 June 2026 at 2:30 P.M.
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 were part-heard before SAT on 4 March 2026 and listed for further hearing on 16 June 2026.
SAT matter SATV-BCAC0A8E3AF7E935F62C2479
List these appeals on December 11, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending before SAT; order dated 18.10.2023 lists them on December 11, 2023; no disposal
SAT matter SATV-C464F99E3619D39117FC441C
Matters to be listed on 27.11.2024 at 2.30 p.m. for hearing as prayed by all parties
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 pending; interim orders continuing; next hearing on 27.11.2024
SAT matter SATV-C52F1616918696DF9F0D7DAE
Part heard · Listed for further hearing on June 16, 2026 at 02:30 P.M.
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 part heard on 04.03.2026, next hearing 16.06.2026
SAT matter SATV-D123E57D11781BB4936ED4D6
Matters adjourned on account of non-availability of bench · List matters on May 18, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 adjourned on 31.03.2023; next listing May 18, 2023
SAT matter SATV-E0277D5826C932154196ECD4
Part heard · Call on June 16, 2026 at 02:30 P.M.
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 part-heard on 04.03.2026; next date 16.06.2026
SAT matter SATV-D89C7CD0FA0E27A14BA68B71
As agreed between parties, list matters on October 18, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 before SAT; order dated 27.09.2023 adjourns matters to October 18, 2023 by consent, no disposal on merits
SAT matter SATV-5B4902D9C9807E4930195145
Karvy Stock Broking Limited granted one final opportunity to file a reply in the HDFC Bank appeal within two weeks. · Rejoinder, if any, may be filed within one week thereafter.
Appeal: Order dated 18 October 2021 in Appeal Nos. 35, 50, 112, 70 and 75 of 2020; final disposal listed for 22 November 2021
SAT matter SATV-D26E4E5E48DD9D0359F20BE1
List 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 hearing
Appeal: 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
SAT matter SATV-D7355B224B605F2C1F84F89C
Matters adjourned due to non-availability of bench · Interim order, if any, to continue till next listing
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 adjourned on 11.03.2024; next listing May 17, 2024
SAT matter SATV-DF7BF63873C3912E7BFBC23C
Three weeks time allowed to appellants to file rejoinder · Matter listed on February 22, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending at rejoinder stage; next date 22.02.2023
SAT matter SATV-EE247030835BD298AB5CA9CD
Adjourned on the request of respondent SEBI · List on April 27, 2022
Appeal: Appeal Nos. 35, 50, 70, 75, 112 of 2020 and Misc. Application No. 113 of 2020 pending before SAT; adjourned to 27 April 2022 vide order dated 25.03.2022
SAT matter SATV-E2E1D060869789B1B23B21B5
List / next hearing on June 27, 2022 · Parties to act on digitally signed copy by Private Secretary; certified copy from Registry on payment
Appeal: Appeal Nos. 35, 50, 70, 75, 112 of 2020 and Misc. Application No. 113 of 2020 pending; adjourned to June 27, 2022 by order dated 27.04.2022
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 effect
Appeal: 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-EBC7F842393BA08C532DC20D
Matters adjourned on account of non-availability of the bench · List on May 18, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 adjourned on 31.03.2023; next date May 18, 2023
SAT matter SATV-5949D4D4F92728E7AFDC7D61
Matters adjourned due to non-availability of the bench · List the matters on 17 May 2024
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 were adjourned on 11 March 2024; next listing fixed for 17 May 2024.
SAT matter SATV-F1BBEF65262293E84741DB45
List Appeal Nos. 875, 961-965 of 2022 on December 11, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending before SAT; adjourned to December 11, 2023 vide order dated 18.10.2023
SAT matter SATV-F1A91F32D5F0F2281E09572E
Respondent arguments completed; arguments in rejoinder started · Listed on September 28, 2022 at 12.30 p.m. for further hearing
Appeal: 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-F7887010DFE21D4D4CA9E61A
Adjourned on request of counsel for appellant in Appeal No. 875 of 2022 · List on January 10, 2024
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending before SAT; adjourned to January 10, 2024
SAT matter SATV-FAD189577EAE594EC7141A55
Part Heard, call / listed for further hearing on 25.08.2025
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 part-heard on 22.08.2025, next date 25.08.2025; no disposal
SAT matter SATV-563E4720A32567650B62FF21
By consent, all listed appeals and connected miscellaneous applications were adjourned to 10 February 2025 at 2:30 p.m.
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 were listed before SAT on 31 January 2025 and adjourned by consent to 10 February 2025.
SAT matter SATV-7769EC107FC54898E9F5F035
Matters 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 effect
Appeal: 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-580628900A43084F90EFE406
Three weeks time allowed to the appellants to file rejoinder · Matter listed on February 22, 2023
SAT matter SATV-6C152EFCEECD1957748CFBA7
Part heard · Call on June 16, 2026 at 02:30 P.M.
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 part heard on 04.03.2026; next hearing on June 16, 2026
SAT matter SATV-6BF16A310E367107CEF3F246
List Appeals No. 35, 50, 112, 70, 75 of 2020 for final disposal · Interim order, if any, extended till next date
Appeal: Appeal Nos. 35, 50, 112, 70, 75 of 2020 with Misc. Application No. 113 of 2020 pending; listed for final disposal on 06 September 2021, interim extended
SAT matter SATV-6C81D0CBA4ECCE889B8CE215
Three weeks' further time allowed to appellant in Appeal No. 875 of 2022 · All appeals listed on August 31, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending before SAT with Misc. Application No. 900 of 2023; adjourned to August 31, 2023 vide order dated 12.07.2023
SAT matter SATV-7753714FE6A46C344546E051
Three weeks time allowed to appellants to file rejoinder · Matter listed on February 22, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 with Misc. Applications Nos. 116, 117, 127, 131 of 2023 pending; rejoinder stage; next date 22.02.2023
SAT matter SATV-78D5867459518F23EDC64BF8
Respondent 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 payment
Appeal: 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
SAT matter SATV-88504B9CEB309D1466C3C684
Adjourned on request of respondent SEBI · List matters on April 27, 2022
Appeal: Appeal Nos. 35, 50, 70, 75, 112 of 2020 and Misc. Application No. 113 of 2020 pending; adjourned to April 27, 2022 vide order dated 25.03.2022, no disposal on merits
SAT matter SATV-9054DB4F0A14D9B684AAF520
Adjourned on request of learned counsel for respondent · List on March 25, 2022
Appeal: 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-9765F3AEAF37B2EA71BF8AEA
Three weeks time allowed to appellants to file rejoinder · List the matters on February 22, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending before SAT; at rejoinder stage, listed on 22 February 2023
SAT matter SATV-996DE35E41A8E7C68523AAB7
Praecipe disposed of; hearing time corrected from 10:30 A.M. to 02:30 P.M. on January 31, 2025
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 before SAT pending; procedural correction order dated 27.01.2025, hearing on 31.01.2025
SAT matter SATV-BAFE9B301986D10C10A588D8
Respondent 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-BA1DF1B4CEEBB30FB812D936
Part-heard; listed for further hearing on 16 June 2026 at 02:30 P.M.
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 part-heard on 04.03.2026; next listed 16.06.2026
SAT matter SATV-C556E73D69FD7CD0F1F4D17B
Heard senior counsel for Axis Bank Limited and put up all matters for further hearing on July 8, 2022
Appeal: 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-D51A429E52A896112927125A
By consent, call for further hearing on 07.05.2025, 08.05.2025 and 09.05.2025 at 2.30 p.m.
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending before SAT; not disposed, adjourned on 11.02.2025 for further hearing
SAT matter SATV-E28BBD02EEB97C255C1E0E0C
Adjourned due to non-availability of bench · Interim order, if any, to continue till next date of hearing
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 pending; adjourned to March 11, 2024
SAT matter SATV-CC6D994AF9DD8A8B29EAC4BD
Matters adjourned by consent; listed for hearing on October 21, 2024
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 pending before SAT; adjourned to 21.10.2024
SAT matter SATV-D98F22A93806A8F8A779EC96
Three weeks time allowed to appellants to file rejoinder · List matters on February 22, 2023
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 with Misc. Applications 116, 117, 127, 131 of 2023 pending; at rejoinder stage, next date February 22, 2023
SAT matter SATV-D14481DEFFD10E82C50FB3EE
Matters called and listed for hearing on August 21, 22 and 25, 2025 at 10:30 A.M.
Appeal: Appeal Nos. 875, 961, 962, 963, 964 and 965 of 2022 pending before SAT; adjourned to 21, 22 and 25 August 2025, not disposed
SAT matter SATV-DCAAD859C3BE385B8CD55504
List Appeal Nos. 35, 50, 112, 70, 75 of 2020 for final disposal on September 06, 2021 · Extend interim order, if any, till next date
Appeal: Appeal Nos. 35, 50, 112, 70, 75 of 2020 with Misc. Application No. 113 of 2020 heard on 28.07.2021, adjourned for final disposal on 06.09.2021 with interim extended
SAT matter SATV-E29BBD836B79BCF52824C737
Adjourned on request of learned counsel for respondent · List on March 25, 2022
Appeal: 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-E5E414783CCF68D36E1413D2
Adjourned by consent to 13.09.2024 as last chance · No further adjournment to be granted
Appeal: Appeal Nos. 875, 961, 962, 963, 964, 965 of 2022 adjourned to 13.09.2024 vide SAT order dated 05.08.2024
SAT matter SATV-FFE085EBFE4094AAF716BE30
Respondent 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 payment
Appeal: 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-9A699CFEF0A1326CFC47C0B4
List matters on June 27, 2022 · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual charges
SAT matter SATV-CC06AA116A7A8F3702C05C15
Respondent 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-FD28905C0EEBA3635DD47EDB
Hearing to recommence on September 15, 2022 for further hearing · All concerned parties to act on digitally signed copy by Private Secretary
Appeal: Appeal Nos. 50, 112, 70, 75 of 2020 with Misc Application 113 of 2020 pending; adjourned for further hearing on 15.09.2022 vide order dated 24.08.2022
SAT matter SATV-90D710BF340EC82A02D48F28
Heard learned counsel for parties, order reserved · Parties directed to act on digitally signed copy signed by Private Secretary on behalf of bench
Appeal: 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

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Source: SecMarx — IndusInd 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.