Lalit Bhasin

7 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Appellants directed to deposit Rs. 2 crore in a fixed deposit with lien marked in favour of SEBI.
Appeals disposed of; impugned interim quantum modified to Rs.2 crore FD with lien in favour of SEBI
Appeal disposed with direction to appellant to deposit Rs 1 Crore in FD with lien in favour of SEBI
Deposit Rs 2 Crore in fixed deposit with lien marked in favour of SEBI

SAT-appeal

SAT matter SATV-2B22E187D141C0126AB40AC2
By consent, list the appeal and connected miscellaneous applications on 1 July 2025.
Appeal: Appeal No. 312 of 2025, with Misc. Applications Nos. 751 and 752 of 2025, was adjourned by consent to 1 July 2025; not disposed of.
Alleged market manipulation/unlawful gains by placing orders through a broker before issuing recommendations on social media.
Appellants directed to deposit Rs. 2 crore in a fixed deposit with lien marked in favour of SEBI. · Frozen accounts to be released subject to the deposit.
Appeal: Appeal Nos. 312, 313 and 314 of 2025 disposed of by SAT on 2 July 2025; pending miscellaneous applications also disposed of.
Noticee No.1 allegedly placed orders through broker Noticee No.4 before giving recommendations on social media; alleged unlawful gain of Rs.6,31,96,898 sought to be disgorged.
Appeals disposed of; impugned interim quantum modified to Rs.2 crore FD with lien in favour of SEBI · Subject to such deposit, accounts frozen by SEBI to be released
Appeal: Appeal Nos. 312, 313 and 314 of 2025 with Misc. Applications 751,752,753,754,755,756 of 2025 disposed of on 2 July 2025
Alleged scheme generating unlawful gains requiring disgorgement; appellant alleged as mastermind per statement under oath.
Appeal disposed with direction to appellant to deposit Rs 1 Crore in FD with lien in favour of SEBI · Frozen accounts to be released subject to such deposit
Appeal: Appeal No. 324 of 2025 with Misc. Application Nos. 766 and 766 of 2025 disposed on 01.08.2025; related Appeals 312, 314, 313 already disposed
SAT matter SATV-FF8CF91C56E0286EAA4FD8CB
Matter not on board; call / listed on 27.06.2025 on mentioning for urgent listing
Appeal: Appeal Lodg. No. 300 of 2025 with Misc. Application No. 751 of 2025 and 752 of 2025 - mentioned on 26.06.2025, listed on 27.06.2025
SAT matter SATV-B98444A831DA01EF07A7BADF
Call on July 02, 2025
Appeal: Appeal No. 312 of 2025 along with Misc. Application Nos. 751 and 752 of 2025 pending; adjourned to July 02, 2025 vide order dated 01.07.2025
Alleged front-running where Noticee No.1 placed orders through broker (Noticee No.4) before issuing recommendations on social media.
Deposit Rs 2 Crore in fixed deposit with lien marked in favour of SEBI · On such deposit, accounts frozen by SEBI to be released
Appeal: Appeal Nos. 312, 313 and 314 of 2025 against WTM order dated 17 June 2025 disposed on 2 July 2025 with modified deposit direction

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Source: SecMarx — Lalit Bhasin. 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.