Kamal Kumar Kothari

4 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Plea for penalty reduction on proportionality rejected

SAT-appeal

Diversion and misappropriation of client share-sale proceeds to related parties, misreporting securities positions to NSEIL, and falsification of books and accounts.
Miscellaneous Applications Nos. 743 and 744 of 2024 dismissed as not pressed · Appeals Nos. 696 and 697 of 2022 dismissed
Appeal: Appeal Nos. 696 and 697 of 2022 dismissed by SAT on 25 September 2024; connected Miscellaneous Applications Nos. 744 and 743 of 2024 dismissed as not pressed.
SAT matter SATV-66CB5DA78C50CC746913678E
Review Application No. 34 of 2024 dismissed as withdrawn with leave of Tribunal · Pending interlocutory applications stand disposed of
SAT matter SATV-701D29FE35C36BB56FADD8A2
Review Application No.37 of 2024 rejected - no ground made out
Appeal: Review Application No.37 of 2024 in Appeal No.696 of 2022 with Misc. Appl. Nos.1352/2024 and 1293/2024 seeking review of Tribunal order dated 25 September 2024 - rejected on 11 March 2025
Diversion/misappropriation of Rs 181.66 Cr sale proceeds of client shares to related party SKB Securities Ltd and others, misreporting holdings to NSE and falsification of books.
Appeal Nos. 696 of 2022 and 697 of 2022 dismissed, impugned SEBI order upheld · Plea for penalty reduction on proportionality rejected
Appeal: Appeal Nos. 696 of 2022 and 697 of 2022 heard together and dismissed on 25.09.2024; Misc. Applications Nos. 744 and 743 of 2024 dismissed as not pressed

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Source: SecMarx — Kamal Kumar Kothari. 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.