Investsmart Commodities Limited

SAT-appeal

• SEBI rejected or cancelled the brokers' commodity-broker registration applications on the ground that they were not fit and proper persons to hold registration certificates.
  Impugned WTM orders against the brokers were quashed. · Matters remitted to the WTM for fresh decision after hearing the brokers.
  Appeal: Appeal Nos. 672/2021, 708/2021, 751/2021, 756/2021, 18/2022, 4/2022, 8/2022, 169/2022, 382/2022, 383/2022, 384/2022, 385/2022 and 386/2022 allowed and disposed on 20 July 2022.
• The commodity brokers' registration applications were rejected or registrations cancelled on the ground that they were not fit and proper persons. NSEL challenged adverse observations made against it in the impugned orders.
  Impugned WTM orders against the brokers were quashed. · Matters remitted to the WTM for fresh decision after hearing the brokers.
  Appeal: Appeal Nos. 672, 708, 751 and 756 of 2021; 18 and 4 of 2022; 8, 169, 382, 383, 384, 385 and 386 of 2022 were allowed on 20 July 2022 and remitted for fresh consideration.
• Rejection or cancellation of commodity-broker registration on the ground that the appellants were not fit and proper persons. Appeals also challenged adverse ex parte findings concerning NSEL.
  Impugned WTM orders against the commodity-broker appellants quashed. · Matters remitted to the WTM for fresh decision after hearing the brokers and considering the SAT's observations.
  Appeal: Appeals Nos. 672, 708, 751, 756 of 2021; 18 and 4 of 2022; and 8, 169, 382, 383, 384, 385 and 386 of 2022 allowed on 20 July 2022; matters remitted to WTM.
• WTM rejected/cancelled applications for registration as commodity broker holding appellants not 'fit and proper person' in NSEL-related matter.
  Impugned WTM orders against brokers quashed; brokers' appeals allowed · Matters remitted to WTM to decide afresh per SAT order 09.06.2022 after hearing brokers with all issues open
  Appeal: Appeal Nos. 672, 708, 751, 756 of 2021, 18, 4, 8, 169, 382-386 of 2022 with misc. applications reserved 18.07.2022, decided 20.07.2022 - all allowed and remanded/expunged
• Rejection / cancellation of commodity broker registration on ground appellant is not a 'fit and proper person' to hold registration certificate
  Impugned WTM orders against brokers quashed · Brokers appeals allowed and remitted to WTM for fresh decision in light of order dated 09.06.2022
  Appeal: Appeal Nos. 672/2021, 708/2021, 751/2021, 756/2021, 18/2022, 4/2022, 8/2022, 169/2022 and 382-386/2022 allowed on 20.07.2022
• Rejection of commodity broker registration under Intermediaries Regulations on ground appellant is not 'fit and proper person' in NSEL-linked context.
  WTM rejection orders against brokers quashed · Brokers appeals allowed and remitted to WTM for fresh decision per 09.06.2022 Geofin ruling after hearing
  Appeal: Appeal Nos. 672/2021, 708/2021, 751/2021, 756/2021, 18/2022, 4/2022, 8/2022, 169/2022, 382-386/2022 allowed and disposed on 20.07.2022 (reserved 18.07.2022)
• Applications for registration as commodity brokers rejected as not 'fit and proper person' linked to NSEL matter.
  WTM orders against broker appellants quashed; broker appeals allowed. · Matters remitted to WTM for fresh decision per 9 June 2022 Geofin order after hearing; all issues open.
  Appeal: Appeal Nos. 672/2021, 708/2021, 751/2021, 756/2021, 18/2022, 4/2022, 8/2022, 169/2022, 382-386/2022 allowed and disposed on 20.07.2022
• Commodity brokers held not 'fit and proper person' to hold registration, leading to rejection/cancellation of registration as commodity broker in NSEL-related matters.
  WTM impugned orders against brokers quashed; brokers appeals allowed · Matters remitted to WTM for fresh decision per 09.06.2022 Geofin order after hearing, all issues kept open
  Appeal: Appeal Nos. 672,708,751,756/2021, 18,4,8,169,382-386/2022 allowed on 20.07.2022; remitted to WTM for fresh decision
• Rejection / cancellation of registration as commodity broker on ground that appellant is not a 'fit and proper person' in NSEL-related matter.
  WTM impugned orders against brokers quashed · Brokers' appeals allowed and remitted to WTM for fresh decision as per 09.06.2022 Geofin order after hearing
• Rejection/cancellation of commodity broker registration on ground appellant is not 'fit and proper person' to hold registration certificate.
  WTM impugned orders against brokers quashed · Brokers' appeals allowed and remitted to WTM for fresh decision as per Geofin order 09.06.2022 after hearing
  Appeal: Appeal Nos. 672/2021, 708/2021, 751/2021, 756/2021, 18/2022, 4/2022, 8/2022, 169/2022, 382-386/2022 allowed by SAT decision dated 20.07.2022 (reserved 18.07.2022)
• Rejection of commodity brokers' registration applications under Intermediaries Regulations on ground that they are not fit and proper persons in NSEL context.
  WTM orders rejecting broker registrations as not fit and proper quashed · Brokers' appeals allowed and remitted to WTM for fresh decision per order dated 09.06.2022 after hearing
  Appeal: Appeal Nos. 672/2021, 708/2021, 751/2021, 756/2021, 18/2022, 4/2022, 8/2022, 169/2022, 382-386/2022 allowed and disposed on 20.07.2022
• Rejection/cancellation of commodity broker registration on ground appellant is not 'fit and proper person' in NSEL-linked matter.
  WTM orders against brokers quashed; brokers appeals allowed · Matters remitted to WTM for fresh decision per 09.06.2022 Geofin order after hearing brokers
  Appeal: Appeal Nos. 672,708,751,756/2021, 18,4,8,169,382-386/2022 allowed and disposed on 20.07.2022, reserved on 18.07.2022
• Applications for registration as commodity brokers rejected on ground appellants are not 'fit and proper persons' in NSEL-related context.
  WTM orders rejecting commodity broker registrations quashed · Brokers appeals allowed and remitted to WTM to decide afresh per 09.06.2022 Geofin order after hearing, all issues kept open
  Appeal: Appeal Nos. 672/2021, 708/2021, 751/2021, 756/2021, 18/2022, 4/2022, 8/2022, 169/2022, 382-386/2022 allowed and disposed of by SAT decision dated 20.07.2022 (reserved 18.07.2022)