Modex International Securities Ltd.

3 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Axis Bank may sell securities in columns E and G to recover dues of Rs. 21.61 crores.

SAT-appeal

SAT matter SATV-13907950E686DF4D79327D9D
Axis Bank may sell securities in columns E and G to recover dues of Rs. 21.61 crores. · Any surplus after recovery must be returned to clients immediately thereafter.
Appeal: Appeal No. 146 of 2020 disposed of at admission stage on 3 July 2020; grounds left open.
Challenge by PCM to NSE orders dated May 28 and June 8, 2020 directing release of securities held as security for trading member Modex International Securities Ltd.
Misc. Application No.220 of 2020 rejected summarily as misconceived · Held SAT order dated July 3, 2020 clear, needs no clarification/modification
Appeal: Misc. Application No.220 of 2020 in Appeal No.146 of 2020 decided 17.08.2020 - misc application rejected; original appeal already disposed 03.07.2020
SAT matter SATV-D3BE11A6755BBB5909C67EF0
Stay Application (Misc. Application No. 433 of 2020) rejected; no interim order granted · Exemption Application (Misc. Application No. 432 of 2020) disposed with direction to obtain and file certified copy
Appeal: Appeal Lodging No. 433 of 2020 with Misc. Appl. 432-433 of 2020 pending; stay rejected on 18.12.2020; next listing 29.01.2021

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Source: SecMarx — Modex International Securities 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.