Kirloskar Brothers Ltd.

64 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Matters adjourned on the appellant's request.
Parties directed to take instructions from the Registrar 48 hours before the listed date regarding video or physical hearing.
Parties directed to contact the Registrar 48 hours before the scheduled date regarding video-conference or physical hearing
Arguments for SEBI were continuing; matters were adjourned for further hearing on 12 May 2022.
Arguments were adjourned and the matters were directed to be listed on 13 May 2022 for further hearing.

SAT-appeal

SAT matter SATV-012A8358895B611D05406ECF
Matters adjourned on the appellant's request. · Listed for hearing on 27 September 2021.
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were listed; adjourned on 30 July 2021 to 27 September 2021.
SAT matter SATV-082D5C5EE8AFAE7FD032FA7E
Further hearing adjourned to 13 May 2022 · Parties directed to act on the digitally signed copy of the order
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were pending; hearing continued and was listed for 13 May 2022
SAT matter SATV-0946E6D65A5560B8B643D018
Matter stood over to 25 October 2021 due to non-availability of the Bench · Parties directed to contact the Registrar 48 hours before the scheduled date regarding video-conference or physical hearing
Appeal: Appeal No. 311 of 2021 was pending and stood over to 25 October 2021; no disposal on merits mentioned
SAT matter SATV-0B1FF1CB95E464164C828AEF
Arguments for SEBI were continuing; matters were adjourned for further hearing on 12 May 2022. · Parties were directed to act on the digitally signed copy of the order.
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were pending; hearing adjourned to 12 May 2022.
SAT matter SATV-0C57DE5762FD84F2F0B7F115
Arguments were adjourned and the matters were directed to be listed on 13 May 2022 for further hearing. · Parties were directed to act on the digitally signed copy of the order.
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 remained pending; hearing continued and was adjourned to 13 May 2022.
SAT matter SATV-130D8D770355B84237C99E8D
Further hearing listed for 13 May 2022 · Parties directed to act on the digitally signed copy of the order
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were pending; arguments were continuing and further hearing was fixed for 13 May 2022.
SAT matter SATV-16A4FE56213B7282950E26AE
Matter adjourned on the appellant's request · List the matter on 27 September 2021
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were listed; adjourned on 30 July 2021 to 27 September 2021
SAT matter SATV-17D0B87D7FCC23DDE81CDA41
Hearing commenced; matters listed for further hearing on 28 March 2022. · Parties directed to act on the digitally signed copy of the order.
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were heard together; further hearing fixed for 28 March 2022.
SAT matter SATV-196277122D387573824449A9
Matters listed on 5 January 2022 · Parties directed to contact the Registrar 48 hours before the hearing date regarding video or physical hearing
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were listed for further hearing on 5 January 2022; no disposal on merits stated
SAT matter SATV-1BADFD47417AB8D796F29662
Arguments for SEBI were continuing. · Matter adjourned for further hearing to 27 June 2022.
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were pending; hearing adjourned on 22 June 2022.
SAT matter SATV-19D0B14C5FA5554AF4869A06
Connected appeals were listed for further hearing on 27 April 2022 for arguments by the appellants. · Parties were directed to act on the digitally signed copy of the order.
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were pending and adjourned for further hearing on 27 April 2022.
SAT matter SATV-1F46D0275CF6D5C2DEAF1728
Further hearing scheduled for 12 May 2022 · Parties directed to act on the digitally signed copy of the order
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were listed; hearing continued and was adjourned to 12 May 2022
SAT matter SATV-1F55C255C27EECF5F9CA4C08
List all matters on 5 May 2022 for further hearing · Parties to act on the digitally signed copy of the order
Appeal: Appeal Nos. 499, 503-508 of 2020 and 44 of 2021 were pending; listed for further hearing on 5 May 2022.
SAT matter SATV-22C5C6DADDDF04031E8CEFCE
Further hearing directed for 12 May 2022 · Parties directed to act on the digitally signed copy of the order
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were pending; hearing continued and was adjourned to 12 May 2022
SAT matter SATV-2923BA18865AC616FA9040A9
Arguments for SEBI continued; matters adjourned for further hearing on 12 May 2022 · Parties directed to act on the digitally signed copy of the order
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were pending; further hearing fixed for 12 May 2022
SAT matter SATV-29EB61E6497D374B70AB6143
Matter adjourned for appellants' rejoinder arguments on 29 June 2022.
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507 of 2020 and 44 of 2021 were pending; order dated 28 June 2022 adjourned the matters for rejoinder arguments on 29 June 2022.
SAT matter SATV-2090613B480F64996FB4E63A
Arguments heard in part; appellants' arguments were continuing · Matters listed for further hearing on 25 April 2022
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were heard in part on 30 March 2022; further hearing fixed for 25 April 2022
SAT matter SATV-321C918A68AE90081B9519D3
Arguments of senior counsel for the appellant to continue · Matter listed for 26 April 2022
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507 of 2020 and 44 of 2021 were pending; arguments continued and the matters were listed for 26 April 2022.
SAT matter SATV-4014466D25DCBDF05EF03B48
Arguments were heard in part and the appellants' arguments were continuing. · Matters were listed for further hearing on 25 April 2022.
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were heard in part; further hearing scheduled for 25 April 2022.
SAT matter SATV-3BB7A884D31F47E608C7D65F
Arguments continuing; matter put up on April 26, 2022 · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 pending; arguments continuing, adjourned to 26 April 2022
SAT matter SATV-4D0B0477B504EE0313605A7C
Adjourned on request of the appellant · List on September 27, 2021
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and Appeal No. 44 of 2021 adjourned on 30.07.2021; next listing September 27, 2021
SAT matter SATV-43EF36EBD81B581C13C5F06B
Appeals adjourned on request of appellant Anil N. Alwani · List on February 09, 2022
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and Appeal No. 44 of 2021 heard on 05.01.2022; adjourned, next listing 09.02.2022
SAT matter SATV-4C290C9708DFBC8E78F5AADC
Arguments of SEBI senior counsel continuing · Matter listed for further hearing on 12 May 2022
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 pending before SAT; hearing continuing on 06.05.2022, no disposal
SAT matter SATV-6C9116940031C801030999A8
List Appeal Nos. 499, 503-508 of 2020 and 44 of 2021 on November 24, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and Appeal No. 44 of 2021 pending; adjourned to November 24, 2021 vide order dated 27.09.2021
SAT matter SATV-7B744AB9150EB53F96A81084
List all connected appeals on November 24, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 pending; adjourned to November 24, 2021 vide order dated 27.09.2021
SAT matter SATV-91B73C041F748F43C2C6387A
Heard arguments of counsel for appellant in Appeal No.44 of 2021 in part · Adjourned to 6 May 2022 for continuation of arguments of remaining appellants
Appeal: Appeal Nos.499, 503, 504, 505, 506, 507, 508 of 2020 and Appeal No.44 of 2021 pending before SAT; adjourned to 6 May 2022
SAT matter SATV-8E658E09D9BE472B71B20423
Adjourned on request of the appellant · List on March 21, 2022
Appeal: Appeal No. 311 of 2021 with Misc. Application No. 553 of 2021 adjourned; next listing March 21, 2022
SAT matter SATV-992C062C829E7850278595FD
Order reserved after hearing parties on 21.03.2022 · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Misc. Application No.553 of 2021 and Appeal No.311 of 2021 heard on 21.03.2022; order reserved, not disposed
SAT matter SATV-A2CD1E595186923C02DEC4D6
List Appeals No. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 for admission and final disposal on March 25, 2022 · Parties directed to take instructions from Registrar 48 hours before date fixed on mode of hearing
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 pending; listed for admission and final disposal on March 25, 2022 per order dated 09.02.2022, not disposed
SAT matter SATV-A454553BE8645570C6B11367
Adjourned on request of appellant; listed on September 27, 2021 · Parties to confirm from Registrar 48 hours before fixed date whether hearing via video conference or physical
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 adjourned on 30.07.2021; next hearing September 27, 2021
SAT matter SATV-B8C52420B8F1724B3BFD6E41
Three weeks time allowed to appellant to file rejoinder · List matter on August 13, 2021
Appeal: Appeal No. 311 of 2021 with Misc. Application No. 553 of 2021 (Interim Application) pending; adjourned to 13 August 2021
SAT matter SATV-54F8EBA534AEA5516CBA469C
Matters adjourned for continuation of arguments by the remaining appellants. · Appeals and connected applications listed on 29 April 2022.
Appeal: Appeal Nos. 499, 503 to 508 of 2020 and Appeal No. 44 of 2021 were pending; hearing continued and matters were listed for 29 April 2022.
SAT matter SATV-BEBE3591B997848BBA3AFA8F
Heard counsel for appellants in Appeal No. 503 of 2020 and Appeal Nos. 505 to 508 of 2020 · Matters put up on 29 April 2022 for continuation of arguments of remaining appellants
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and Appeal No. 44 of 2021 pending before SAT; part-heard on 27.04.2022, adjourned to 29.04.2022
SAT matter SATV-C13ECCB10831351BC4BA5772
Matters put up for further hearing on March 30, 2022 after partial hearing · SEBI directed to produce investigation report in sealed envelope
Appeal: Appeal No. 499 of 2020 with connected Appeals Nos. 503-508 of 2020 and Appeal No. 44 of 2021 pending before SAT; partly heard on 28.03.2022, adjourned to 30.03.2022
SAT matter SATV-B7C6AB4FEDF47E49B30C079D
Heard in part; arguments of appellants continuing · Matters put up for further hearing on April 25, 2022
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 pending; heard in part on 30.03.2022, next hearing 25.04.2022
SAT matter SATV-B8B392181E3CB930F5F9F33D
List Appeal Nos. 499, 503-508 of 2020 and 44 of 2021 for admission and final disposal on March 25, 2022 · Parties to take instructions from Registrar 48 hours before fixed date on video conference or physical hearing
Appeal: Appeal Nos. 499, 503-508 of 2020 and 44 of 2021 pending; listed for admission and final disposal on March 25, 2022 vide order dated 09.02.2022
SAT matter SATV-BE3F5B337A69F71C94824D7A
List Appeal No. 311 of 2021 on January 20, 2022 · Parties to take instructions from Registrar 48 hrs before date fixed on video conference vs physical hearing
Appeal: Appeal No. 311 of 2021 with Misc. Application No. 553 of 2021 (Interim Application) pending before SAT; adjourned to January 20, 2022 vide order dated 03.12.2021; no disposal on merits
Insider trading in KBL shares on 6 Oct 2010 (Alpana group) and 14 Oct 2010 (Sanjay group) while in possession of UPSI-1 (capital loss on KBL investment/advances to subsidiary KCEL) and UPSI-2 (Q2 FY10 results July-Sept 2010); fraud on KIL/minority shareholders.
WTM order 20 Oct 2020 restrained Alpana group from accessing securities market for different periods · Direct to first deposit proposed disgorged amount per Table 18 para 154 then post-decisional hearing
Appeal: Appeal Nos 499,503,504,505,506,507,508 of 2020 and 44 of 2021 heard together; hearing 29.06.2022, decision 12.10.2022
SAT matter SATV-498C0C1F1FD63ACE53533235
Connected appeals adjourned on the request of appellant Anil N. Alwani. · Matters listed for hearing on 09 February 2022.
Appeal: Appeal Nos. 499, 503-508 of 2020 and 44 of 2021 were adjourned; listed for 09 February 2022.
SAT matter SATV-C927750609305492E6171B9B
Matters put up for further hearing on April 27, 2022 for arguments of appellants in connected appeals · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 pending; posted for further hearing on 27.04.2022
SAT matter SATV-D13FB4FAE418B60EC1B4C216
Misc. Application No.1127 of 2022 allowed · Judgment taken on record
Appeal: Misc. Application No.1127 of 2022 in Appeal No.44 of 2021 allowed and disposed of on 29.9.2022; judgment taken on record
SAT matter SATV-CC17196C82C8A39B31B0E694
Adjourned on request of appellant, list on September 27, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
SAT matter SATV-4B893A959327B8336E8F9D82
Matters listed for further hearing on 30 March 2022 · SEBI directed to produce the investigation report in a sealed envelope
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were heard; matters adjourned for further hearing on 30 March 2022
Alleged non-disclosure of Deed of Family Settlement (2009) by Kirloskar Oil Engines Ltd under LODR Regulations
Appeal No.27 of 2021 disposed directing SEBI to communicate its decision on complaints to appellant within four weeks from 15.01.2021
SAT matter SATV-E92820F676F8FE38C27BDC35
Adjourned on request of appellant Anil N. Alwani; all connected appeals adjourned · List on February 09, 2022
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 adjourned, not disposed; next listing 09.02.2022
SAT matter SATV-F924C957B29109C6828E5AC7
Respondent No. 2 granted two weeks and no more time to file reply · Appellant granted two weeks thereafter to file rejoinder
Appeal: Appeal No. 311 of 2021 with Misc. Application No. 553 of 2021 pending; listed next on December 03, 2021
SAT matter SATV-E2E4A6A9BD4935CB864EF425
Arguments of respondent counsel continuing, matter put up for further hearing on May 13, 2022
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and Appeal No. 44 of 2021 pending before SAT; adjourned to 13.05.2022 with respondent arguments continuing
SAT matter SATV-4784C8CDD9AC7AF5D7C6F9C0
Connected appeals adjourned on the request of appellant Anil N. Alwani. · Matters listed for hearing on 09 February 2022.
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were adjourned; next listing fixed for 09 February 2022.
SAT matter SATV-FA0709BFC909F5D38757F5CE
Adjourned on request of appellant · List on September 27, 2021
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 pending before SAT; adjourned to September 27, 2021
SAT matter SATV-52AC76C57BCC15FC3482254B
All matters listed for further hearing on 5 May 2022 · Parties directed to act on the digitally signed copy of the order
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were listed; no disposal on merits, next hearing on 5 May 2022
SAT matter SATV-5BA0AD4D5CD9C0F9FB821C44
Order reserved after hearing the parties · Written submissions, if any, may be filed within one week from 29 June 2022
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were heard; order reserved on 29 June 2022
SAT matter SATV-627C41FB4653F5DF5546A6B4
All connected matters listed on 5 January 2022 · Parties directed to contact the Registrar 48 hours before the listed date regarding video or physical hearing
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 were listed for further hearing on 5 January 2022; no disposal on merits stated.
SAT matter SATV-6EF894658B2DC94E50CE3DF5
Urgency application disposed of and appeal taken up · Delay in filing the appeal condoned
Appeal: Appeal No. 311 of 2021; delay condoned on 6 May 2021; respondents granted time to reply and appellant time to file rejoinder; listed for admission and final disposal on 1 July 2021
SAT matter SATV-7A68A8BA6AB5AC42D1A15705
Matters listed for rejoinder of the appellants' arguments on 29 June 2022 · Parties directed to act on the digitally signed copy of the order
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507 of 2020 and 44 of 2021 were pending; order adjourned rejoinder arguments to 29 June 2022
SAT matter SATV-586ED71346A0035D73AA808B
Appeals adjourned on request of appellant Anil N. Alwani · List on February 09, 2022
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 pending; adjourned to February 09, 2022
SAT matter SATV-4CB60CBAB800F838656CDEC9
Hearing part-heard after hearing Shri Darius Khambata for appellants; matters posted for further hearing on March 30, 2022 · SEBI directed to produce investigation report in sealed envelope
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 pending/part-heard; next hearing March 30, 2022; no disposal yet
SAT matter SATV-7E1B733A9C12F825127EC8D3
List on May 5, 2022 for further hearing · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual charges
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 pending before SAT; adjourned on 29.04.2022 for further hearing, not disposed
Alleged intentional non-disclosure by Kirloskar Oil Engines Ltd of 2009 family settlement impacting management/control, violating Regulation 30 LODR and concealing true position from investors.
Impugned SEBI communication dated 17 February 2021 upheld as suffering no error of law; appeal liable to be dismissed
Appeal: Appeal No.311 of 2021 with Misc. Application No.553 of 2021, reserved 21.03.2022, decided 13.05.2022; prior Appeal No.27 of 2021 disposed 15.01.2021 directing SEBI to dispose complaint in four weeks
Insider trading in KBL shares on 6 Oct 2010 by Alpana group and 14 Oct 2010 by Sanjay group while in possession of UPSI-1 and UPSI-2; plus PFUTP fraud on KIL/minority and LODR non-disclosure by KIL.
WTM restrained appellants from accessing securities market for different periods · Direct to deposit proposed disgorged amount per Table 18 para 154 with post-decisional hearing
Appeal: Appeal Nos 499,503,504,505,506,507,508 of 2020 and 44 of 2021 heard 29.06.2022, decided 12.10.2022
SAT matter SATV-984586F3B8B576E5B173B552
List all connected appeals on 5 January 2022 · Parties to contact Registrar 48 hours before fixed date to confirm video conferencing or physical hearing
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 pending; adjourned to 5 January 2022 vide order dated 24.11.2021
Insider trading in KBL shares on 6 Oct 2010 by Alpana group and 14 Oct 2010 by Sanjay group while in possession of UPSI-1 and UPSI-2.
Restraint from accessing securities market for different periods (WTM order) · Deposit proposed disgorged amount per Table 18 para 154 with post-decisional hearing
Appeal: Appeal Nos. 499,503,504,505,506,507,508 of 2020 and 44 of 2021; hearing 29.06.2022, decision 12.10.2022
SAT matter SATV-CB5BDC06F1ED244C290AFFAD
Put up matters for further hearing on March 30, 2022 after hearing Shri Khambata · SEBI directed to produce investigation report in sealed envelope
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and 44 of 2021 pending before SAT; hearing begun on 28.03.2022, adjourned to 30.03.2022
Appeal seeking enhancement of disgorgement and penalty (underlying violation not detailed in order)
Connected with Appeal No.499 of 2020 · Respondent to file reply within six weeks from 24 December 2020
Appeal: Appeal L.No.593 of 2020 by Kirloskar Brothers Ltd. for enhancement of disgorgement and penalty, connected with Appeal No.499 of 2020; pending with next listing on 2 March 2021

Other

SAT matter SATV-C501F5724EDBA4AA1AF6D7B0
Heard SEBI counsel; matter put up on 29 June 2022 for rejoinder of appellants arguments · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 499, 503, 504, 505, 506, 507, 508 of 2020 and Appeal No. 44 of 2021 pending; part-heard on 28.06.2022, adjourned to 29.06.2022 for rejoinder

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Source: SecMarx — Kirloskar Brothers Ltd.. 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.