Madhu Inderlal Gerela

SAT-appeal

• Execution of 13 non-genuine reversal trades in three BSE stock-options contracts, creating artificial volume and manipulating the market in violation of the PFUTP Regulations.
  Appeal No. 142 of 2025 dismissed · Pending interlocutory applications disposed of
  Appeal: Appeal No. 142 of 2025 dismissed by SAT on 3 July 2025; impugned AO order dated 31 October 2024 upheld.
• SAT matter SATV-43CEBCEBFD9FE5B448D149B1
  Heard, order reserved - no final disposal on merits in this order
  Appeal: Appeal Nos. 088, 111, 127, 128, 141 and 142 of 2025 heard on 22.04.2025, order reserved; no disposal yet
• SAT matter SATV-59950DC87330A3F15249F4AE
  Matter adjourned by consent to 22.04.2025 as respondent sought time
  Appeal: Appeal No. 142 of 2025 with Misc. Application Nos. 171 & 172 of 2025 pending; adjourned to 22.04.2025
• SAT matter SATV-E065FC9130C6DDAD068A5386
  Adjourned at applicant's request; matter to be called on March 10, 2026
  Appeal: Review Application No. 2 of 2026 and Misc. Application No. 112 of 2026 in Appeal No. 142 of 2025 pending; adjourned to March 10, 2026
• SAT matter SATV-F439B935736C1504BFA91672
  Review Application No. 02 of 2026 dismissed · Costs of Rs. 10,000 payable to Registrar, Securities Appellate Tribunal
  Appeal: Review Application No. 02 of 2026 in Appeal No. 142 of 2025 with Misc. Application No. 112 of 2026 seeking review of SAT order dated 03.07.2025 dismissed on 10.03.2026
• SAT matter SATV-9F71FB76E2B97B1B10249553
  Granted one week time to applicant to make further submissions · Listed on February 27, 2026 for further hearing
  Appeal: Review Application No. 2 of 2026 and Misc. Application No. 112 of 2026 in Appeal No. 142 of 2025 pending; next date 27.02.2026