Mr. N. Ravichandran

123 matters before the Securities Appellate Tribunal

Penalties and directions recorded

List the matters on 8 December 2021.
Parties to obtain instructions from the Registrar 48 hours before the listed date regarding video-conference or physical hearing.
Matters listed for 20 September 2021
Parties to obtain instructions from the Registrar 48 hours before the scheduled date regarding video or physical hearing
Impugned penalty orders quashed.

SAT-appeal

SAT matter SATV-0132C34EE233FF59B0AF7E77
List the matters on 8 December 2021. · Parties to obtain instructions from the Registrar 48 hours before the listed date regarding video-conference or physical hearing.
Appeal: Appeal Nos. 323-326 and 414-417 of 2021 were adjourned/listed for 8 December 2021; no disposal on merits.
SAT matter SATV-0246012B9FEB17489878471C
Order reserved
Appeal: Appeal Nos. 323 to 326 and 414 to 417 of 2021; order reserved on 2 May 2022; no disposal on merits stated
SAT matter SATV-039455186E99BE7F255FA74C
List Miscellaneous Application No. 946 of 2021 and Appeals Nos. 323–326 and 414–417 of 2021 on 8 April 2022
Appeal: Appeals Nos. 323, 324, 325, 326, 414, 415, 416 and 417 of 2021 were pending and listed for 8 April 2022; no disposal on merits stated
SAT matter SATV-0761C0B9D3852F45BE154BF7
Miscellaneous Application No. 946 of 2021 and connected Appeals Nos. 323-326 and 414-417 of 2021 listed on 8 April 2022
Appeal: Appeal Nos. 323-326 and 414-417 of 2021 were pending and listed for 8 April 2022; no disposal on merits stated
SAT matter SATV-07899EA9D6EA88C27C928D9D
Appellants granted two weeks to file rejoinder · Matters listed for 20 September 2021
Appeal: Appeal Nos. 323-326 and 414-417 of 2021 were pending; rejoinder permitted and matters listed for 20 September 2021
Non-disclosure of trades executed by the appellants, allegedly violating Regulation 7(2)(a) of the PIT Regulations.
Delay in filing the appeals condoned and miscellaneous applications allowed. · Impugned penalty orders quashed.
Appeal: Appeal Nos. 141, 144, 148-158, 160-163 and 166-170 of 2023 allowed on 7 February 2023; impugned orders quashed and matters remitted.
SAT matter SATV-0D2588B8987733E90B199F7B
Appeals listed for admission and final disposal on January 12, 2022 · Parties permitted to file brief written submissions
Appeal: Appeal Nos. 323-326 and 414-417 of 2021 were pending; listed for admission and final disposal on January 12, 2022
SAT matter SATV-0E7F018971E60E7CE73A0CB7
SEBI to file reply, if any, within three days · Appellants may file rejoinder within three days thereafter
Appeal: Appeal Nos. 323-326 and 414-417 of 2021 were pending; urgent interim-relief application to be considered on 27 September 2021
Non-disclosure of trades executed by the appellants, alleged to violate Regulation 7(2)(a) of the SEBI PIT Regulations, 2015.
Delay in filing the appeals condoned and miscellaneous applications allowed. · Impugned adjudication orders quashed.
Appeal: Appeal Nos. 141, 144, 148-170 of 2023 allowed on 7 February 2023; impugned orders quashed and matters remitted.
Insider trading based on unpublished price sensitive information concerning Awaita Properties Pvt. Ltd.'s acquisition of 60.46% of KLG Capital Services Ltd.; information was allegedly passed to near relatives who traded in KLG shares.
Appeals against the WTM and AO orders were dismissed. · Five-year restraint from dealing in the securities market and serving as director of any listed company upheld.
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416 and 417 of 2021 dismissed by SAT decision dated 29 July 2022.
Non-disclosure of trades executed by the appellants, allegedly violating Regulation 7(2)(a) of the PIT Regulations.
Impugned adjudication orders quashed. · Appeals allowed.
Appeal: Appeal Nos. 141, 144, 148-158, 160-163 and 166-170 of 2023 allowed on 7 February 2023; impugned orders quashed and matters remitted.
SAT matter SATV-14924B9EB5FD6BF9493D889B
Appellants granted two weeks to file rejoinder · Matters listed for 20 September 2021
Appeal: Appeals Nos. 323-326 and 414-417 of 2021 were adjourned; rejoinder permitted and matters listed for 20 September 2021
Non-disclosure of trades executed by the appellants, allegedly violating Regulation 7(2)(a) of the PIT Regulations.
Delay in filing the appeals condoned and miscellaneous applications allowed. · Impugned penalty orders quashed.
Appeal: Appeal Nos. 141, 144, 148-170 of 2023, decided on 7 February 2023; appeals allowed and remitted.
Non-disclosure of trades executed by the appellants, alleged to violate Regulation 7(2)(a) of the PIT Regulations.
Delay in filing all appeals condoned. · Impugned adjudication orders quashed.
Appeal: Appeal Nos. 141, 144, 148-158, 160-163, and 166-170 of 2023 allowed on 7 February 2023; impugned orders quashed and matters remitted.
Non-disclosure of trades executed by the appellants, allegedly violating Regulation 7(2)(a) of the PIT Regulations.
Delay in filing all appeals condoned and miscellaneous applications allowed. · Impugned adjudication orders quashed.
Appeal: Appeal Nos.141, 144, 148-158, 160-163 and 166-170 of 2023 allowed on 7 February 2023; matters remitted for fresh orders.
SAT matter SATV-183AA7FDA6FA9661938AD6B9
List Miscellaneous Application No. 946 of 2021 and Appeals Nos. 323–326 and 414–417 of 2021 on 8 April 2022
Appeal: Appeals Nos. 323, 324, 325, 326, 414, 415, 416 and 417 of 2021 were pending and adjourned to 8 April 2022
Non-disclosure of trades executed by the appellants, allegedly violating the trading disclosure requirement under Regulation 7(2)(a) of the PIT Regulations.
Delay in filing the appeals condoned. · Impugned adjudication orders quashed.
Appeal: Appeal Nos. 141, 144, 148-155, 156-158, 160-163, and 166-170 of 2023 allowed on 7 February 2023; matters remitted to the Adjudicating Officer.
SAT matter SATV-1F1A7F00D4A13031E7EE2460
SEBI to file reply to the urgent interim-relief application within three days · Appellants may file rejoinder within three days thereafter
Appeal: Appeals Nos. 323 to 326 and 414 to 417 of 2021 were heard; interim-relief application adjourned for consideration on 27 September 2021.
SAT matter SATV-2D6DDA4267EAD16009E9D11A
List the matters on 9 February 2022 · Parties to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416 and 417 of 2021 were pending and listed for 9 February 2022; no disposal on merits recorded.
SAT matter SATV-2066DCDAE1663B425E69BF41
SEBI to file reply to the condonation-of-delay applications within two weeks from 12 May 2021 · Appellants to file rejoinder within two weeks thereafter
Appeal: Appeal Nos. 323, 324, 325 and 326 of 2021; order dated 12 May 2021 directed pleadings on condonation of a 470-day delay and listed the applications for orders on 22 June 2021.
Insider trading based on unpublished price-sensitive information regarding APPL's acquisition of 60.46% of KLG Capital Services Ltd.; alleged communication of the information to relatives who traded in KLG shares.
Appeals challenged the WTM directions and AO penalties arising from alleged insider trading. · Tribunal rejected the appellants' delay and lack-of-knowledge defenses.
Appeal: Appeal Nos. 323 to 326 and 414 to 417 of 2021; heard 2 May 2022 and decided 29 July 2022. The excerpt does not state the final operative disposal wording.
SAT matter SATV-248CAA5B180EEED2423C9A49
List the matters on 8 April 2022 · Parties to act on the digitally signed order
Appeal: Appeal Nos. 323-326 and 414-417 of 2021 were listed for 8 April 2022; no disposal on merits stated.
SAT matter SATV-29464E694CFC88E73FBB3B95
Appeal No. 190 of 2009 disposed of by adopting the same order as in Appeal No. 191 of 2009 decided on 21 October 2010
Appeal: Appeal No. 190 of 2009 decided on 21 October 2010; order states it is the same as the order in Appeal No. 191 of 2009 decided the same day
Non-disclosure of trades executed by the appellants, alleged to violate Regulation 7(2)(a) of the PIT Regulations.
Impugned adjudication orders quashed. · Matters remitted to the Adjudicating Officer for fresh orders in light of Sudhir Bapusaheb Devkar v. SEBI.
Appeal: Appeal Nos. 141, 144, 148-170 of 2023 were allowed on 7 February 2023; impugned orders quashed and matters remitted.
SAT matter SATV-39E192C2139496824BB2FD6E
Appellants granted two weeks to file rejoinder · Matters listed for 20 September 2021
Appeal: Appeal Nos. 323-326 and 414-417 of 2021 were pending; two weeks granted for rejoinder and matters listed for 20 September 2021.
SAT matter SATV-37621F9EBF4C4E29047FB610
List appeals for admission and for final disposal on 10 March 2022 · Parties to contact Registrar 48 hours before fixed date to ascertain video conferencing or physical hearing
Appeal: Misc. Application No.946 of 2021 and Appeal Nos.323,324,325,326,414,415,416,417 of 2021 listed for admission and final disposal on 10 March 2022 vide SAT order dated 9.2.2022
SAT matter SATV-3AC8DAA5CC46D7E92191864D
List on April 8, 2022 · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; listed on April 8, 2022
SAT matter SATV-38590CA49A0E1B10CF565240
List on December 8, 2021 as bench not available · Parties to take instructions from Registrar 48 hrs before date fixed on mode of hearing
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; adjourned to December 8, 2021, not disposed
Alleged that appellants being connected/deemed connected persons were insiders under Insider Trading Regulations
Impugned WTM order dated 24 July 2014 quashed and set aside · Matters restored to WTM of SEBI for fresh common order on preliminary issue and merits
Appeal: Appeal Nos. 288, 289, 290, 291, 292 of 2014 decided on 05.02.2015; impugned order quashed and remanded to WTM
Alleged insider trading by appellants as connected/deemed connected persons being insiders under PIT Regulations
Impugned WTM order dated July 24, 2014 quashed and set aside · Matters restored to WTM file for fresh common order on preliminary issue and merits
Appeal: Appeal Nos. 288, 289, 290, 291 and 292 of 2014 disposed on 05.02.2015 by quashing impugned order and remanding
SAT matter SATV-4DDA04D7F1D36E9AF8C725D1
Bench not available, matter listed on December 8, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
Appeal: Appeal Nos. 323,324,325,326,414,415,416,417 of 2021 with Misc. Application No. 946 of 2021 pending; adjourned to December 8, 2021 vide order dated 08.10.2021
SAT matter SATV-56A7FE2923F53E4145B74CE5
SEBI to file reply to delay condonation applications · Appellants to file rejoinder thereafter
Appeal: Appeal Nos. 323, 324, 325 and 326 of 2021 pending; 470 days delay condonation to be decided on June 22, 2021
Alleged non-disclosure of trades executed by appellants in violation of Regulation 7(2)(a) of PIT Regulations, 2015.
Delay in filing appeals condoned; applications allowed · Impugned Adjudicating Officer penalty orders quashed
Appeal: Appeal Nos.141,144,148-158,160-163,166-170 of 2023 with Misc. Applications disposed on 7 February 2023 - allowed and remanded
SAT matter SATV-52F8043AFB3B3BBB1089462F
List on February 9, 2022 · Parties to take instructions from Registrar 48 hours before date fixed on hearing mode
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; adjourned to February 9, 2022 with no disposal on 12.01.2022
SAT matter SATV-56369F6C877325F2E7BDCCB9
List these appeals on May 2, 2022 · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual charges
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 listed on May 2, 2022; no disposal on 08.04.2022
Non-disclosure of trades executed by appellants in violation of Regulation 7(2)(a) PIT Regulations, 2015.
Delay in filing appeals condoned · Impugned Adjudicating Officer orders quashed
Appeal: Appeal Nos.141,144,148-158,160-163,166-170 of 2023 decided on 7.2.2023 - allowed, impugned orders quashed and remanded
Non-disclosure of trades executed by appellants in violation of Regulation 7(2)(a) of PIT Regulations, 2015
Impugned Adjudicating Officer penalty orders quashed · All appeals allowed
Appeal: Appeal Nos. 141,144,148-158,160-163,166-170 of 2023 with Misc Applications allowed on 7.2.2023; delay condoned
SAT matter SATV-5A11B01C190CF4FC06B0FD4F
List appeals on March 24, 2022 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference or physical hearing
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; adjourned to March 24, 2022
SAT matter SATV-4A8234658C2E6638F4EBAE1E
List the matters on 24 March 2022 · Parties to obtain instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
Appeal: Appeal Nos. 323-326 and 414-417 of 2021 were pending; listed for 24 March 2022 by order dated 10 March 2022
SAT matter SATV-53DD96731213420842C9BFE7
Adjudicating officer shall not proceed further till Appeal No. 191 of 2009 and connected appeals are finally disposed of · Appeal No. 177 of 2010 disposed of as no order required on statements of counsel; no costs
Appeal: Appeal No. 177 of 2010 disposed of on 20.10.2010; Appeal No. 191 of 2009 and other connected appeals pending
Non-disclosure of trades executed by appellants in violation of Regulation 7(2)(a) of PIT Regulations, 2015
Delay in filing appeals condoned · Impugned Adjudicating Officer orders imposing penalty quashed
Appeal: Appeal Nos.141,144,148-163,166-170 of 2023 allowed and remanded by SAT order dated 7.2.2023
SAT matter SATV-66DFE0CD3AB178C3839330D9
Bench not available; list all appeals on December 8, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
Appeal: Misc. Application No. 946 of 2021 and Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 adjourned on October 8, 2021 and listed on December 8, 2021; no disposal on merits
SAT matter SATV-705BDACBCD09F79F69A52B56
Bench not available; list matters on December 8, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
Appeal: Misc. Application No. 946 of 2021 and Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 - adjourned, listed on December 8, 2021
SAT matter SATV-6F23680FB8FC03DE53B77BBB
Two weeks time allowed to appellants to file rejoinder · Matters to be listed on September 20, 2021
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; adjourned to September 20, 2021
SAT matter SATV-6853832DB14B02FDFA88C925
List Appeals No. 323-326 of 2021 and 414-417 of 2021 for admission and final disposal on January 12, 2022 · Parties may file written submissions in brief in the meanwhile
Appeal: Appeal Nos. 323-326 of 2021 and 414-417 of 2021 with Misc. Application No. 946 of 2021 pending; listed for admission and final disposal on January 12, 2022
SAT matter SATV-4DA5952832EE7216151BD711
List the matters on 8 December 2021 · Parties to obtain instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
Appeal: Appeal Nos. 323-326 and 414-417 of 2021 were listed; hearing adjourned to 8 December 2021 because the bench was unavailable
SAT matter SATV-3706EA1C36DC5950D372A7F9
Respondent to file reply to the applications for condonation of delay within two weeks from 12 May 2021 · Appellants to file rejoinder within two weeks thereafter
Appeal: Appeal Nos. 323, 324, 325 and 326 of 2021; order dated 12 May 2021 directed pleadings on delay applications and listed them for orders on 22 June 2021
SAT matter SATV-791673A7801344A8873ABEF8
Bench not available; matter listed on December 8, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; adjourned to December 8, 2021
SAT matter SATV-7951FE96025AF7AAE12CA724
List on October 8, 2021 · Parties to act on digitally signed copy sent by fax and/or email
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; listed on October 8, 2021
SAT matter SATV-81185B710F44A7A8A9036B7F
List all appeals on March 24, 2022 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; listed on March 24, 2022 per order dated 10.03.2022
SAT matter SATV-7EC5962485159E2D4C5FAC1A
List on March 24, 2022 · Parties to take instructions from Registrar 48 hrs before date fixed on video conference or physical hearing
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; next listing March 24, 2022, not disposed
SAT matter SATV-7C459478DB849CFB43D5A26F
List appeals for admission and for final disposal · Parties may file written submissions in brief in the meanwhile
Appeal: Misc. Application No. 946 of 2021 and Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 pending; listed for admission and final disposal on January 12, 2022
Alleged insider trading as connected / deemed to be connected persons being "insiders" within meaning of Regulations
Impugned WTM order dated July 24, 2014 quashed and set aside · Matters restored to WTM of SEBI for fresh common order on preliminary issue and merits
Appeal: Appeal Nos. 288, 289, 290, 291, 292 of 2014 disposed on 05.02.2015 by quashing WTM order and remanding for fresh decision
Non-disclosure of trades executed by appellants in violation of Regulation 7(2)(a) of PIT Regulations, 2015.
Delay in filing appeals condoned; miscellaneous applications allowed · Impugned Adjudicating Officer penalty orders quashed; appeals allowed
SAT matter SATV-433D5B8B6A53EC5956F1C4DD
Appellants granted two weeks to file rejoinder · Matters listed for 20 September 2021
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416 and 417 of 2021 were pending; rejoinder permitted and matters listed for 20 September 2021
SAT matter SATV-8C77626E08FBA497DD9972D9
Hearing concluded and order reserved on 02.05.2022 · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 heard on 02.05.2022; order reserved, not disposed
SAT matter SATV-8727D50D8CC2959E9F434519
List on February 9, 2022 · Parties to take instructions from Registrar 48 hours before fixed date on video conference or physical hearing
Appeal: Appeal Nos. 323-326 of 2021 and 414-417 of 2021 with Misc. Application No. 946 of 2021 heard on 12.01.2022; adjourned to 09.02.2022 with no disposal
Non-disclosure of trades executed by appellants in violation of Regulation 7(2)(a) of PIT Regulations, 2015.
Delay in filing appeals condoned; misc applications allowed · Impugned AO penalty orders quashed; appeals allowed
Appeal: Appeal Nos 141, 144, 148-170 of 2023 with Misc Applications allowed on 7.2.2023; impugned AO orders quashed and remanded
SAT matter SATV-946C2C634F9FF30201351221
List appeals for admission and for final disposal on January 12, 2022 · Parties may file written submissions in brief in the meanwhile
Appeal: Misc. Application No. 946 of 2021 and Appeal Nos. 323,324,325,326,414,415,416,417 of 2021 listed for admission/final disposal on 12 Jan 2022 per order dated 08.12.2021; not disposed
SAT matter SATV-9F9222936F2E5318EA4AAE61
List Appeals 323-326/2021 and 414-417/2021 for admission and final disposal on January 12, 2022 · Parties may file written submissions in brief in the meanwhile
Appeal: Appeal Nos. 323,324,325,326,414,415,416,417 of 2021 with Misc. Application No. 946 of 2021 pending; listed for admission and final disposal on 12.01.2022
Non-disclosure of trades executed by appellants in violation of Regulation 7(2)(a) of PIT Regulations, 2015
Delay in filing appeals condoned and applications allowed · Impugned Adjudicating Officer orders imposing penalty quashed
Appeal: Misc. Application Nos. 22,25,29-39,41-44,47-51 of 2023 and Appeal Nos. 141,144,148-158,160-163,166-170 of 2023 disposed on 7.2.2023 - delay condoned, appeals allowed and remanded
Non-disclosure of trades executed by appellants in violation of PIT Regulations 7(2)(a).
Delay in filing appeals condoned · Impugned Adjudicating Officer orders quashed
Appeal: Appeal Nos.141,144,148-158,160-163,166-170 of 2023 allowed on 7.2.2023, AO orders quashed and remanded
Trading in KLG Capital Services Ltd on basis of UPSI of acquisition of 60.46% stake by Awaita Properties Pvt Ltd, allegedly communicated by SKIL officials to relatives.
WTM: restrained appellants from securities market for 5 years and from being director of listed company for 5 years · WTM: disgorgement of Rs 4,37,550 from Priyanka and Rs 4,12,000 from Anita with 12% interest
Appeal: Appeal Nos. 323-326 of 2021 and 414-417 of 2021 with Misc. Application 946 of 2021 heard 02.05.2022, decided 29.07.2022
SAT matter SATV-AE5E7C3F01B1931B51777A23
List appeals on October 8, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on hearing mode
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; listed on October 8, 2021
SAT matter SATV-A53CD17FA299E208851E1434
List matter on April 8, 2022 · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Misc. Application No. 946 of 2021 and Appeal Nos. 323-326 of 2021 and 414-417 of 2021 pending; dated 24.03.2022, next date 08.04.2022, no disposal
Non-disclosure of trades executed by appellants found in violation of Regulation 7(2)(a) PIT Regulations, 2015.
Delay in filing appeals condoned and misc applications allowed · Impugned Adjudicating Officer orders imposing penalty quashed
Appeal: Appeal Nos.141,144,148-158,160-163,166-170 of 2023 allowed and remanded by SAT order dated 7.2.2023
SAT matter SATV-AF8F2017944C4F90040F8A02
Two weeks time allowed to appellants to file rejoinder · Matters listed on September 20, 2021
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; rejoinder stage; listed on September 20, 2021
SAT matter SATV-AC9289C26F92B37389D7A6D3
SEBI may file reply to interim relief application within three days · Appellants may file rejoinder within three days thereafter
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; interim relief listed for 27 September 2021, no disposal on merits
SAT matter SATV-B1EF57DB5A6C6F63D8240CF5
Appeals against common order taken up for admission together; connected with Appeal No. 323 of 2021 · No further amount shall be recovered from appellants and attachment order lifted immediately
Appeal: Appeal Nos. 414, 415, 416 and 417 of 2021 pending admission; connected with Appeal No. 323 of 2021 and listed on 26 August 2021
SAT matter SATV-B85AD93B2FD79DC9E30F8D0F
List appeals on February 9, 2022 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
Appeal: Appeal Nos 323-326 of 2021 and 414-417 of 2021 with Misc Application 946 of 2021 pending; heard 12.01.2022, adjourned to 09.02.2022
Alleged that appellants being connected / deemed connected persons were insiders under the Regulations; detailed UPSI / trading particulars not set out in SAT order.
Impugned WTM order dated 24 July 2014 quashed and set aside · Matters restored to WTM of SEBI for fresh common order on preliminary issue and merits
Appeal: Appeal Nos. 288,289,290,291,292 of 2014 disposed on 05.02.2015; impugned order quashed and remanded with no costs
SAT matter SATV-C9FF4B6071901EC0216E5442
Hearing concluded and order reserved after hearing counsel for parties · Parties directed to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 - heard on 02.05.2022, order reserved, not disposed
SAT matter SATV-C4449C3D763214D8311A6853
Respondent SEBI to file reply to interim relief application · Appellants permitted to file rejoinder after reply
Appeal: Appeal Nos. 323,324,325,326 and 414,415,416,417 of 2021 with Misc. Application No. 946 of 2021 pending; urgent interim relief sought, next consideration on 27.09.2021
Non-disclosure of trades executed by appellants in violation of Regulation 7(2)(a) of PIT Regulations, 2015
Delay in filing appeals condoned; applications allowed · Impugned Adjudicating Officer penalty orders quashed
Appeal: Appeal Nos. 141,144,148-158,160-163,166-170 of 2023 with Misc. Applications allowed and disposed on 7.2.2023
SAT matter SATV-CD9C137427660ED021E3B3BD
List appeals on March 24, 2022 · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 heard 10.03.2022, adjourned to 24.03.2022
Non-disclosure of trades executed by appellants in violation of Regulation 7(2)(a) of PIT Regulations, 2015.
Delay in filing appeals condoned · Impugned Adjudicating Officer penalty orders quashed
Appeal: Appeal Nos.141,144,148-158,160-163,166-170 of 2023 allowed on 7.2.2023; AO orders quashed and remanded
Non-disclosure of trades executed by appellants found in violation of Regulation 7(2)(a) of PIT Regulations, 2015.
Delay in filing appeals condoned · Impugned Adjudicating Officer orders quashed
Appeal: Appeal Nos.141,144,148-158,160-163,166-170 of 2023 disposed on 7.2.2023 - allowed, remanded to AO
SAT matter SATV-D06C8B343522D6C4429673E8
List appeals on March 24, 2022 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; listed on March 24, 2022
SAT matter SATV-C77F3CDED72CE2CE0B6F2BB6
List appeals for admission and for final disposal on January 12, 2022 · Parties may file written submissions in brief in the meanwhile
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; listed for admission and final disposal on January 12, 2022
SAT matter SATV-C59519ED7040B8AED5628E62
List on October 8, 2021 · Parties to take instructions from Registrar 48 hrs before date fixed on video conference or physical hearing
Appeal: Misc. Application No. 946 of 2021 and Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 pending; adjourned to October 8, 2021
Non-disclosure of trades executed by appellants in violation of PIT Regulations disclosure requirement
Delay in filing appeals condoned · Impugned Adjudicating Officer penalty orders quashed
Appeal: Appeal Nos 141,144,148-170 of 2023 allowed on 7.2.2023; AO orders quashed and remanded
SAT matter SATV-C82DE230C93FD6D4ECDC6C37
List matters on February 9, 2022 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; listed on February 9, 2022 vide order dated 12.01.2022
SAT matter SATV-CD9660DE2C98195256C056C6
List appeals on March 24, 2022 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
Appeal: Appeal Nos. 323,324,325,326,414,415,416,417 of 2021 and Misc Application 946 of 2021 pending, next listed March 24, 2022
Non-disclosure of trades executed by the appellants, allegedly violating Regulation 7(2)(a) of the PIT Regulations.
Delay in filing all appeals condoned. · Impugned adjudication orders quashed.
Appeal: Appeal Nos. 141, 144, 148-163, and 166-170 of 2023 allowed on 7 February 2023; impugned orders quashed and matters remitted.
SAT matter SATV-CA36314C0DEF745C732E8177
List appeals on October 8, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; listed on October 8, 2021
SAT matter SATV-DA86251E6A6842E7B8D33853
Two weeks time allowed to appellants to file rejoinder · Matters to be listed on September 20, 2021
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416 and 417 of 2021 with Misc. Application No. 946 of 2021 pending before SAT, next listed on 20.09.2021
SAT matter SATV-E2565287C5FFFF92DFC04AFE
List appeals on February 9, 2022 · Parties to take instructions from Registrar 48 hours before fixed date on hearing mode
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; adjourned to February 9, 2022 vide order dated January 12, 2022
SAT matter SATV-E0B630E8B6745ECC90627158
List appeals on March 24, 2022 · Parties to act on digitally signed copy sent by fax and/or email
Appeal: Appeal Nos. 323-326 of 2021 and 414-417 of 2021 with Misc. Application No. 946 of 2021 pending, listed on March 24, 2022
SAT matter SATV-E2AA2A11E16E3B6C148CF950
List Misc. Application No. 946 of 2021 and Appeals on February 9, 2022 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
Appeal: Misc. Application No. 946 of 2021 and Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 pending; adjourned to February 9, 2022, not disposed
Acquisition of 60.46% of KLG Capital Services Ltd by Awaita Properties Pvt Ltd during 22-27 Feb 2008 was UPSI; Anita Ravichandran and Priyanka Singhvi traded on UPSI tipped by connected persons.
WTM: restrained 4 appellants from securities market for 5 years · WTM: barred from being director of any listed company for 5 years
Non-disclosure of trades executed by appellants in violation of Regulation 7(2)(a) PIT Regulations.
Delay in filing appeals condoned and applications allowed · Impugned Adjudicating Officer orders quashed; appeals allowed
Appeal: Appeal Nos. 141,144,148-158,160-163,166-170 of 2023 decided on 7.2.2023; allowed, impugned orders quashed and remanded
SAT matter SATV-E61F77BE4B3425BC926AB7A9
Bench not available, list matters on December 8, 2021 · Parties to take instructions from Registrar 48 hrs before date fixed on video vs physical hearing
SAT matter SATV-F8621A7357468F91EBF3EEF6
Two weeks time allowed to appellants to file rejoinder · Matters to be listed on September 20, 2021
Appeal: Misc. Application No. 946 of 2021 and Appeal Nos. 323-326 of 2021 and 414-417 of 2021 pending; adjourned to September 20, 2021
Non-disclosure of trades executed by appellants allegedly in violation of Regulation 7(2)(a) of PIT Regulations, 2015.
Delay in filing appeals condoned; applications allowed · Impugned Adjudicating Officer orders quashed
Appeal: Appeal Nos. 141,144,148-158,160-163,166-170 of 2023 allowed and remitted on 7.2.2023
SAT matter SATV-F7E6BAEEDEE7C15460E36906
List on April 8, 2022 · Parties to act on digitally signed copy; certified copy from Registry on payment
Appeal: Misc. Application No. 946 of 2021 and Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 adjourned, listed on April 8, 2022
SAT matter SATV-EC2A5BE66CB1FC25DA2F4B53
Hearing concluded and order reserved after hearing counsel for parties · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 - heard, order reserved on 02.05.2022
Non-disclosure of trades executed by appellants in violation of Regulation 7(2)(a) PIT Regulations, 2015
Delay in filing appeals condoned · Impugned Adjudicating Officer orders imposing penalty quashed
Appeal: Appeal Nos.141,144,148-158,160-163,166-170 of 2023 allowed on 7.2.2023; AO penalty orders quashed and remanded
SAT matter SATV-FAC737D1DD83F025D0E9080B
List appeals for admission and final disposal on January 12, 2022 · Parties may file written submissions in brief in the meanwhile
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; listed for admission and final disposal on 12 January 2022
Non-disclosure of trades executed by the appellants, alleged to violate Regulation 7(2)(a) of the PIT Regulations.
Delay in filing the appeals condoned. · Impugned adjudication orders quashed.
Appeal: Appeal Nos.141, 144, 148-158, 160-163, and 166-170 of 2023 allowed on 7 February 2023; matters remitted for fresh orders.
SAT matter SATV-5C19800AD5E4B5D2A7123F97
Appeals listed for admission and final disposal on 10 March 2022 · Parties directed to contact the Registrar 48 hours before the hearing date regarding video conferencing or physical hearing
Appeal: Appeal Nos. 323-326 and 414-417 of 2021 were pending; listed for admission and final disposal on 10 March 2022
SAT matter SATV-73730F90E09F6D393437A741
List Appeals Nos. 323-326 and 414-417 of 2021 for admission and final disposal on 12 January 2022 · Parties may file brief written submissions before the next hearing
Appeal: Appeals Nos. 323, 324, 325, 326, 414, 415, 416 and 417 of 2021 were listed for admission and final disposal on 12 January 2022; no final disposal recorded in this order.
Trading in KLG Capital Services Ltd while in possession of UPSI of acquisition of 60.46% stake by Awaita Properties Pvt Ltd, allegedly communicated by connected persons in SKIL group.
WTM impugned: restraint from securities market for 5 years · WTM impugned: debar from being director of any listed company for 5 years
SAT matter SATV-593C02CFCD12FC85EE0ED7EF
Order reserved after hearing learned counsel for parties
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 and Misc. Application No. 946 of 2021 heard on 02.05.2022, order reserved
SAT matter SATV-78EE69F8A3E9B9EFAF2E5955
Matter listed for hearing on April 8, 2022 · All concerned parties directed to act on digitally signed copy of order
SAT matter SATV-894DD5F835F69CEBECE17E8B
Listed on October 8, 2021 · Parties to take instructions from Registrar 48 hrs before date fixed on video conference or physical hearing
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; listed on October 8, 2021
Alleged non-disclosure of trades executed by appellants in violation of Regulation 7(2)(a) of PIT Regulations, 2015.
Impugned Adjudicating Officer orders quashed · Appeals allowed
Appeal: Appeal Nos.141,144,148-158,160-170 of 2023 allowed on 7.2.2023; delay condoned via Misc. Appl. Nos.22,25,29-39,41-44,47-51 of 2023
SAT matter SATV-8D74699C48386834C2A39816
Order reserved after hearing counsel for parties
Acquisition of 60.46% of KLG Capital Services Ltd by group company APPL during Feb 22-27, 2008 was UPSI; relatives traded in KLG on basis of UPSI communicated by SKIL heads
WTM restrained appellants from dealing in securities market for 5 years · WTM barred appellants from being director of any listed company for 5 years
SAT matter SATV-93DACEC550E7A7E3CC44142C
Heard counsel for parties and reserved order · Parties to act on digitally signed copy; certified copy available on payment of charges
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 heard on 02.05.2022; order reserved
Non-disclosure of trades executed by appellants in violation of Regulation 7(2)(a) of PIT Regulations, 2015.
Delay in filing appeals condoned · Impugned Adjudicating Officer orders quashing penalty quashed
Appeal: Appeal Nos. 141,144,148-158,160-163,166-170 of 2023 with Misc Applications allowed and disposed on 7.2.2023
Trading in KLG Capital Services Ltd on basis of UPSI of acquisition of 60.46% stake by Awaita Properties Pvt Ltd before disclosure, with information passed by SKIL officials to relatives who traded.
WTM impugned: restraint from securities market for 5 years and from being director of any listed company for same period · WTM impugned: disgorgement of Rs.4,37,550 by Priyanka and Rs.4,12,000 by Anita Ravichandran with 12% p.a. interest
SAT matter SATV-B072CA73B9BA5AC780D262E3
List appeals on October 8, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; adjourned to 08.10.2021, not disposed
Insider trading in KLG Capital Services Ltd on basis of UPSI of acquisition of 60.46% by Awaita Properties Pvt Ltd before disclosure.
WTM restrained appellants from securities market for 5 years · WTM restrained appellants from being director of listed company for 5 years
SAT matter SATV-EDEC12CCBBFBA82B3114005E
List appeals on October 8, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference or physical hearing
SAT matter SATV-E930302DCC3F496A570AF3AF
List appeals on October 8, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 pending; adjourned and listed on October 8, 2021, no disposal on September 27, 2021
SAT matter SATV-E45EBFEA800DBCA1E14771F1
Delay of 470 days condoned and delay condonation applications allowed · Respondent to file reply to memo of appeal within three weeks
SAT matter SATV-ED0BE13AD3D774DF5E3C363A
List matter on February 9, 2022 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
SAT matter SATV-FC904C6E2552489A519C94C6
Respondent to file reply to condonation of delay application within two weeks from 12.05.2021 · Appellants to file rejoinder within two weeks thereafter
Appeal: Appeal Nos. 323, 324, 325, 326 of 2021 pending; 470 days delay, listed for orders on condonation on June 22, 2021
Non-disclosure of trades executed by appellants in violation of Regulation 7(2)(a) PIT Regulations, 2015.
Delay in filing appeals condoned, applications allowed · Impugned Adjudicating Officer orders quashed
Appeal: Appeal Nos.141,144,148-163,166-170 of 2023 with Misc Applications decided 7.2.2023 - allowed, AO orders quashed and remanded
SAT matter SATV-DC6900CC26A6E99858F3B7B6
Hearing concluded, order reserved; parties to act on digitally signed copy
Appeal: Appeal Nos. 323, 324, 325, 326, 414, 415, 416, 417 of 2021 with Misc. Application No. 946 of 2021 - heard, order reserved on 02.05.2022
Alleged insider trading as connected/deemed connected persons being insiders within meaning of PIT Regulations.
Impugned WTM order dated 24 July 2014 quashed and set aside · Matters restored to WTM file for fresh common order on preliminary issue and merits
Appeal: Appeal Nos. 288, 289, 290, 291 and 292 of 2014 decided on 05.02.2015; impugned order quashed and remanded for fresh decision
SAT matter SATV-EA15E9EBD1D6BA6D52F25F03
Bench not available; list matters on December 8, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
Appeal: Misc. Application No. 946 of 2021 and Appeal Nos. 323-326 of 2021 and 414-417 of 2021 pending; adjourned to December 8, 2021 with no disposal on October 8, 2021

Other

SAT matter SATV-566DBFCBBFE0895F872FFAD1
SEBI to file reply, if any, within three days from 20.09.2021 · Rejoinder may be filed within three days thereafter
Appeal: Appeal Nos. 323-326 of 2021 and 414-417 of 2021 with Misc. Application No. 946 of 2021 pending; interim relief listed on 27 September 2021, no disposal yet

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Source: SecMarx — Mr. N. Ravichandran. 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.