Keyur Maniar
Penalties and directions recorded
- WTM to pass confirmatory orders after hearing the parties.
- Parties directed to contact the Registrar 48 hours before the scheduled date regarding hearing mode.
- Parties directed to take instructions from the Registrar 48 hours before the hearing regarding video conference or physical hearing
- Confirmed restraint on buying, selling or dealing in securities until further orders
- Escrow deposit with lien in favour of SEBI to continue until further orders
SAT-appeal
- SAT matter SATV-0ADC766EFC0E568932AC3E93WTM directed to hear the matter on 1 December 2021 · WTM directed to pass an appropriate confirmatory order on or before 15 December 2021Appeal: Miscellaneous Applications Nos. 1314 and 1315 of 2021 in Appeals Nos. 668 and 671 of 2021 disposed of on 22 November 2021
- SAT matter SATV-1507C6E8FE613ABCB42B6932Appeals against SEBI's ex-parte ad-interim order dated 27 September 2021 disposed of. · Appellants may file replies along with stay-vacating applications before the WTM.Appeal: Appeal Nos. 668 and 671 of 2021, decided together and disposed of by SAT on 27 October 2021
- Prima facie insider trading in Infosys securities while in possession of UPSI concerning Infosys’s strategic partnership with Vanguard; alleged communication of UPSI by Ramit to Keyur and trading by Keyur.Appeals challenging the WTM’s confirmatory order were dismissed/interim directions upheld at the prima facie stage. · Trading restraint, asset restrictions and escrow-related directions continued, subject to mutual-fund modifications.Appeal: Appeal Nos. 782 and 783 of 2021, heard 11 February 2022 and decided 30 March 2022; both appeals challenged the WTM confirmatory order dated 13 December 2021.
- SAT matter SATV-32A99B47C645440B1EF95865Appeal No. 783 of 2021 adjourned and listed on 17 January 2022. · Parties directed to contact the Registrar 48 hours before the scheduled date regarding hearing mode.Appeal: Appeal Nos. 782 and 783 of 2021 were before SAT; Appeal No. 783 of 2021 was adjourned on 5 January 2022 and listed for 17 January 2022.
- SAT matter SATV-2EDBE9F76D65F1F0BE831C82Hearing was heard in part and adjourned to 11 February 2022 for further hearing · Parties directed to take instructions from the Registrar 48 hours before the hearing regarding video conference or physical hearingAppeal: Appeal Nos. 782 and 783 of 2021 were heard in part and listed for further hearing on 11 February 2022; no disposal on merits stated
- SAT matter SATV-408FA3CCCB690CA73842A35ASEBI granted two weeks more time to file reply · Matter to be listed on August 12, 2025 along with Appeal No. 163 of 2025Appeal: Appeal No. 122 of 2025 with Misc. Application No. 230 of 2025 pending; adjourned to 12 August 2025
- Alleged insider trading in Infosys F&O on UPSI of Infosys-Vanguard strategic partnership; Ramit allegedly tipped UPSI to Keyur who traded and profited.SAT held WTM prima-facie view correct, no interference warranted at interim stage · Confirmed restraint on buying, selling or dealing in securities until further ordersAppeal: Appeal Nos. 782 and 783 of 2021 with Misc. Application 1432 of 2021 against WTM order dated December 13, 2021; heard 11.02.2022, decided 30.03.2022; SAT upheld prima-facie.
- SAT matter SATV-38974992BBC975E6419C5A8DBy consent, Appeals Nos. 122 and 163 of 2025 were directed to be listed on 04 May 2026.Appeal: Appeal Nos. 122 and 163 of 2025 were pending before SAT and, by consent, listed for 04 May 2026.
- SAT matter SATV-5AE7B398CA23AF92B16D16C4Heard in part, matter put up tomorrow i.e. 10 February 2022 · Parties to contact Registrar 48 hours before fixed date on video vs physical hearingAppeal: Appeal No.782 of 2021 and Appeal No.783 of 2021 with Misc. Application No.1432 of 2021 heard in part on 9.2.2022, adjourned to 10.2.2022
- SAT matter SATV-624039ADC310E320672D51D5By consent, appeals to be called on July 23, 2026Appeal: Appeal Nos. 122 of 2025 and 163 of 2025 pending; adjourned by consent to July 23, 2026
- SAT matter SATV-6458A1F91B73F442D6AF45D9Call on July 8, 2026 at 2:30 P.M. (next hearing)Appeal: Appeal No. 122 of 2025 with Misc. Appl. Nos. 230 & 910 of 2025 and Appeal No. 163 of 2025 with Misc. Appl. Nos. 370, 371 & 964 of 2025 pending; adjourned to July 8, 2026
- SAT matter SATV-680C638EB4FA36C50D18C229File reply, if any, within ten days · File rejoinder on or before next dateAppeal: Appeal No.782 of 2021 with Misc. Application No.1427 of 2021 and Appeal No.783 of 2021 with Misc. Applications No.1431-1432 of 2021 pending; listed for admission and final disposal on 9 February 2022
- SAT matter SATV-876259D03A1293AFBCF4020DBoth appeals against common order taken up together · Reply, if any, to be filed within ten daysAppeal: Appeal No.782 of 2021 with Misc Application No.1427 of 2021 and Appeal No.783 of 2021 with Misc Applications No.1431-1432 of 2021 pending; listed for admission and final disposal on 9 February 2022
- SAT matter SATV-ABFBB54E7E5C131D2E188197WTM to hear matter on December 1, 2021 · WTM to pass appropriate order on or before December 15, 2021Appeal: Appeal Nos. 668 and 671 of 2021 pending; Misc. Applications Nos. 1314-1315 of 2021 disposed vide SAT order dated 22.11.2021
- SAT matter SATV-3A04CDA5F6FD708ABCC28EF0By consent, Appeals Nos. 122 and 163 of 2025 were directed to be listed on 23 July 2026Appeal: Appeal Nos. 122 and 163 of 2025 remained pending; by consent, both were listed on 23 July 2026
- SAT matter SATV-AB7BBE61ADAD0018DD31D486Order reserved after hearing parties · Written submissions, if any, may be filed within a week
- SAT matter SATV-A72E8F913256011AE019B733Appeals disposed of without adjudication on merits · Appellants permitted to file reply with stay vacating application before WTMAppeal: Appeal Nos. 668 of 2021 and 671 of 2021 with Misc. Applications 1216 and 1224 of 2021 disposed of on 27.10.2021
- SAT matter SATV-D69047B46F4A658EB2DFE102By consent, matter to be called on May 04, 2026Appeal: Appeal No. 122 of 2025 and Appeal No. 163 of 2025 pending before SAT; adjourned by consent to 04.05.2026 vide order dated 24.03.2026
- SAT matter SATV-E78CA167489544AA77DCB811Order reserved after hearing learned counsel for parties · Parties directed to act on digitally signed copy sent by fax and/or emailAppeal: Appeal No. 782 of 2021 and Appeal No. 783 of 2021 with Misc. Application No. 1432 of 2021 heard on 11.02.2022; order reserved
- Alleged insider trading based on tip received from an employee working with InfosysImpugned SEBI order stayed without any further deposit · Appeal admitted; respondent SEBI granted four weeks to file replyAppeal: Appeal No. 122 of 2025 admitted on 05.03.2025; interim stay granted without further deposit; pending, next date July 07, 2025
- SAT matter SATV-F9526D37F3D4577180AA167DAdjourned Appeal No.783 of 2021 and listed on 17 January 2022 · Parties to contact Registrar 48 hours before fixed date to ascertain VC or physical hearingAppeal: Appeal No.782 of 2021 with Misc Application No.1427 of 2021 and Appeal No.783 of 2021 with Misc Applications No.1431-1432 of 2021 pending; Appeal No.783 adjourned to 17 January 2022 vide order dated 05.01.2022
- SAT matter SATV-5E9FC013B47E2254EADB48F3Four weeks granted to the appellant in Appeal No. 122 of 2025 to file rejoinder · Matter listed by consent on 14 October 2025Appeal: Appeal No. 122 of 2025 listed; rejoinder time granted and matter adjourned to 14 October 2025
- SAT matter SATV-650A3BFF2A99CDA9978517D1Two weeks granted to the appellant in Appeal No. 163 of 2025 to file rejoinder · Matters listed by consent on 24 March 2026Appeal: Appeal Nos. 122 and 163 of 2025 remain pending; Appeal No. 163 granted two weeks to file rejoinder and both matters were listed for 24 March 2026.
- SAT matter SATV-53D0ACC12A86A176C4C784EDHeard in part; listed for further hearing on 15.07.2026 at 02:30 p.m.Appeal: Appeal No. 122 of 2025 and Appeal No. 163 of 2025 pending before SAT; heard in part on 08.07.2026, next hearing 15.07.2026
- SAT matter SATV-A7C0535A2D374F96E145833CFour weeks time granted to appellants to file rejoinder · Matter called on January 08, 2026Appeal: Appeal Nos. 122 of 2025 and 163 of 2025 pending; adjourned to January 08, 2026 for filing rejoinder
- SAT matter SATV-C50BA0EB6F059CD2DF74D21BMatter called / adjourned to 10.08.2026 at 02:30 p.m.Appeal: Appeal No. 122 of 2025 and Appeal No. 163 of 2025 pending; next hearing on 10.08.2026
- SAT matter SATV-C4ABD8A8454E0418CFF5C905Four weeks time granted to appellants to file rejoinder · Matters listed on January 08, 2026Appeal: Appeal No. 122 of 2025 and Appeal No. 163 of 2025 pending before SAT; adjourned to January 08, 2026
- SAT matter SATV-EF68BFC7D2CF4D6AF5F94B2DNot on Board, mentioned by appellant's counsel - Call on March 05, 2025Appeal: Appeal Lodging No. 106 of 2025 with Misc. Application No. 230 of 2025 pending, next date March 05, 2025
Other
- SAT matter SATV-76EC810F429F499ABD89FB2AHeard in part, matter put up for further hearing on February 11, 2022 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing modeAppeal: Appeal No. 782 of 2021 (Keyur Maniar) and Appeal No. 783 of 2021 (Ramit Chaudhri) with Misc. Application No. 1432 of 2021 - heard in part on 10.02.2022, adjourned, not disposed
- SAT matter SATV-E3F5D02CE3F7EF750859A5B8Heard in part · Put up matter on 10 February 2022Appeal: Appeal No.782 of 2021 and Appeal No.783 of 2021 with Misc. Application No.1432 of 2021 - heard in part on 09.02.2022, listed on 10.02.2022
Source: SecMarx — Keyur Maniar. 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.