Multi Commodity Exchange of India Limited

SAT-appeal

• SAT matter SATV-00C9B0FEA158C59BBA2A7C7A
  Appellant was granted time to pursue the appeal · Matter listed for 17 February 2026
  Appeal: Appeal No. 504 of 2025; on 6 January 2026, time was sought and the matter was adjourned to 17 February 2026
• Incorrect reporting of collection of margins from clients to the stock exchange during the relevant inspection periods.
  Impugned penalty orders dated 12 April 2018 quashed. · Both appeals allowed.
  Appeal: Appeal Nos. 140 and 141 of 2018 decided together on 26 April 2021; both appeals allowed and impugned orders quashed.
• MCX alleged that the appellant's client executed abnormal, artificial, non-genuine and reversal trades in six contracts, warranting a penalty under the MCX Circular dated 20 August 2018.
  Impugned MCX penalty order and waiver-rejection order quashed · Appeal allowed and miscellaneous application disposed of
  Appeal: SAT Appeal No. 818 of 2023, along with Misc. Application No. 1245 of 2023, allowed/disposed of on 6 November 2023
• SAT matter SATV-06E8A8CCE346EB513538622B
  Both appeals taken up together · Respondents to file replies within three weeks
  Appeal: Appeal Nos. 73 and 74 of 2024 listed before SAT on 14 February 2024; replies and rejoinders directed; next listed on 18 April 2024
• SAT matter SATV-0A1D76CE6C64FAC531FA8872
  Respondent's request for adjournment granted · Matters listed for 30 August 2023
  Appeal: Appeal No. 563 of 2022 and Appeal No. 207 of 2023 were adjourned on 2 August 2023 and listed for 30 August 2023; no disposal stated.
• SAT matter SATV-0BFE1C63D00F7970EA33C3EF
  Appeals Nos. 73 and 74 of 2024 were directed to be listed on 30 April 2025
  Appeal: Appeal Nos. 73 and 74 of 2024, along with Miscellaneous Applications Nos. 1694 and 1695 of 2023, were pending and listed for 30 April 2025 by order dated 12 February 2025
• SAT matter SATV-110DE467D7A4E714D40A7EF8
  Appellant granted three weeks' time to file rejoinder · Matter listed for 09 December 2025
  Appeal: Appeal No. 109 of 2025; order dated 06 October 2025; rejoinder time granted and matter listed for 09 December 2025
• MCX restrained the appellant from taking up or onboarding new clients for 15 days after the appellant reported its sixth technical glitch.
  Impugned email communication dated 5 December 2024 set aside · MCX directed to refer the matter to MCSGFC for examination in accordance with law
  Appeal: Appeal No. 698 of 2024 disposed of by SAT on 10 December 2024; Misc. Application No. 1285 of 2024 also disposed of
• SAT matter SATV-23249A845905E4F85B7753E6
  Review Application No. 28 of 2025 disposed of · Order dated 28 November 2025 modified
  Appeal: Review Application No. 28 of 2025 in Appeal No. 171 of 2022 disposed of on 16 February 2026; order dated 28 November 2025 modified
• Appellants alleged that MCX and its clearing corporation failed to address negative pricing in crude-oil futures, causing collapse of margin and risk mechanisms and improper settlement losses.
  Appeal No. 349 of 2020 dismissed summarily. · Appeal No. 289 of 2020 dismissed summarily.
  Appeal: Appeal Nos. 349 of 2020 and 289 of 2020 dismissed by SAT on 18 December 2020.
• SAT matter SATV-231EA7BFB70A4EECC66CCCFA
  Appellant granted a final opportunity of six weeks to file rejoinder. · Matters listed by consent on 11 November 2024.
  Appeal: Appeal Nos. 73 and 74 of 2024 were pending; rejoinder time granted and matters listed for 11 November 2024.
• SAT matter SATV-2C11F42837AE64DF5F98A773
  Matter adjourned and listed for hearing on 16 February 2026
  Appeal: Appeal No. 97 of 2025, along with Miscellaneous Application Nos. 109 and 559 of 2025; listed for further hearing on 16 February 2026
• SAT matter SATV-2D7F43415FA12645387B02C6
  MCX permitted to withdraw its order dated 2 January 2015 · MCX granted liberty to pass a fresh order on merits and in accordance with law
  Appeal: Appeal No. 149 of 2016 disposed of on 8 August 2016; Misc. Application No. 108 of 2016 condoning 419 days' delay also disposed of.
• SAT matter SATV-2DC8C81263C9540C2AAA1088
  Miscellaneous Applications Nos. 1694 and 1695 of 2023 and Appeals Nos. 73 and 74 of 2024 were listed for hearing on 11 December 2024
  Appeal: Appeal Nos. 73 and 74 of 2024 were pending and listed for 11 December 2024
• SAT matter SATV-27885D528A9D50CB9751A6A8
  Matter adjourned and listed for call on 9 July 2026
  Appeal: Appeal No. 97 of 2025 remained pending; order dated 30 April 2026 adjourned the matter to 9 July 2026
• SAT matter SATV-20D18E774CC3262B8E0C2AFE
  Adjourned / to be called on November 14, 2025 as prayed for
  Appeal: Appeal No. 504 of 2025 along with Misc. Application No. 1230 of 2025 pending; adjourned to 14.11.2025
• SAT matter SATV-3E213E2ABBCEB18134139DAB
  By consent, matter to be called on July 25, 2024
  Appeal: Appeal No. 207 of 2023 with Misc. Application No. 510 of 2023 pending before SAT; adjourned to July 25, 2024
• SAT matter SATV-3BF276A6F5649A5AFAED0B46
  Appellant's request for time was granted · Matter listed on 06 May 2026
  Appeal: Appeal No. 61 of 2025; order dated 10 March 2026; adjourned to 06 May 2026
• SAT matter SATV-3AFF2EAE63F83950E0E94E00
  Adjourned at request of appellant's counsel · Matter to be called on 14.01.2025 by consent
  Appeal: Appeal No. 726 of 2024 with Misc. Application No. 1288 of 2024 pending, adjourned to 14.01.2025
• SAT matter SATV-441BC69D529777679114FE88
  Call on February 16, 2026
• SAT matter SATV-48FBB2F0A7088807000FA6A2
  Appeals to be called on March 10, 2026 as connected with Appeal No. 61 of 2025
  Appeal: Appeal No. 73 of 2024 and Appeal No. 74 of 2024 pending; stated connected with Appeal No. 61 of 2025; next listing March 10, 2026
• SAT matter SATV-4F552EA68E4A1B617216F8D3
  Three weeks time to file rejoinder granted · Matter listed on July 1, 2026 by consent
  Appeal: Appeal No. 562 of 2025 pending; adjourned by consent to July 1, 2026
• SAT matter SATV-4002DA3B4F4D783883038715
  Matter listed for hearing on 16 February 2026
  Appeal: Review Application No. 30 of 2025 in Appeal No. 172 of 2022; listed for hearing on 16 February 2026
• SAT matter SATV-5EF207EE64212775A87D8DFE
  Adjourned due to non-availability of bench · List on March 5, 2024
  Appeal: Appeal No. 563 of 2022 and Appeal No. 207 of 2023 adjourned on 15.01.2024, listed on March 5, 2024; Misc. Application No. 510 of 2023 pending
• SAT matter SATV-5F3C2D438953B59354A78DE9
  Matter adjourned and to be called on October 28, 2025 for consideration of rejoinder
  Appeal: Appeal No. 383 of 2024 and Appeal No. 388 of 2024 pending before SAT; adjourned to October 28, 2025
• SAT matter SATV-65A874A73C8D19BAA6E478C4
  Respondent granted six weeks to file reply · Rejoinder, if any, within two weeks thereafter
  Appeal: Appeal No. 061 of 2025 pending at reply stage; next date 30.04.2025
• SAT matter SATV-67BB4E355672FF49E4CE80D9
  Matter adjourned and to be called on August 04, 2026 at request of appellant counsel
  Appeal: Appeal No. 61 of 2025 pending before SAT Mumbai; adjourned to August 04, 2026 vide order dated 06.05.2026
• SAT matter SATV-6B7239190CEB605178157A30
  Order dated 28 November 2025 modified as to penalty; remaining portion undisturbed · Total penalty reduced to Rs 75 Lakhs
• SAT matter SATV-787A8D0D0496EDC1E48A5F3D
  Adjourned due to non-availability of bench · List on May 2, 2024
  Appeal: Appeal No. 563 of 2022 (BSE vs SEBI) and Appeal No. 207 of 2023 (MCX vs SEBI) adjourned on 05.03.2024; Misc. Application No. 510 of 2023 pending; next listed May 2, 2024
• SAT matter SATV-77240A5F3CC030831A0C23AD
  Delay condoned; Misc. Application No. 1562 of 2023 and Misc. Application No. 1508 of 2023 allowed · Impugned order of MCX quashed; Appeal No. 932 of 2023 allowed
  Appeal: Appeal No. 932 of 2023 allowed on 07.12.2023; delay condoned via Misc. Application No. 1562 of 2023
• SAT matter SATV-91F08D8D8D08CBB53E6CFBF4
  Adjourned on request of learned counsel for respondent · List on August 2, 2023
  Appeal: Appeal No. 563 of 2022 and Appeal No. 207 of 2023 with Misc. Application No. 510 of 2023 adjourned, next listing August 2, 2023
• SAT matter SATV-7F86905A748468A9057097F4
  Clarified show cause notice shall be issued by relevant authority of Stock Exchange · Hearing to be conducted by relevant statutory committee
  Appeal: Misc. Application No. 635 of 2021 in Appeal No. 140 of 2018 and Misc. Application No. 636 of 2021 in Appeal No. 141 of 2018 disposed of on 16.06.2021; appeals earlier allowed on 26.04.2021
• SAT matter SATV-8948E88FCB3D2C2265701B47
  Matter adjourned and to be called on March 10, 2026
  Appeal: Appeal No. 109 of 2025 pending before SAT Mumbai; adjourned vide order dated 09.12.2025
• SAT matter SATV-86C555CE1EE3C535E8F19D3F
  Adjourned on request of learned counsel for respondent SEBI · List Appeal No. 563 of 2022 and Appeal No. 207 of 2023 on August 2, 2023
• SAT matter SATV-8685D855B21DD89AE07A40F8
  Adjourned on request of appellant's counsel · List for admission on February 14, 2024
  Appeal: Appeal No. 73 of 2024 with Misc. Application No. 1694 of 2023 and Appeal No. 74 of 2024 with Misc. Application No. 1695 of 2023 pending, adjourned to 14 February 2024 for admission
• SAT matter SATV-8D31342A98E0548696C7E043
  Three weeks granted to appellant to file rejoinder · Matter listed on 03.09.2026
  Appeal: Appeal No. 562 of 2025 pending; adjourned to 03.09.2026
• SAT matter SATV-8DCD7C68BDD95BC6C3EAF337
  Misc. Application No. 220 of 2018 allowed and 252-day delay condoned subject to Rs. 20,000 costs · Appeal No. 268 of 2018 to be listed for admission and final disposal on February 28, 2019 upon deposit
  Appeal: Misc. Application No. 220 of 2018 disposed allowing condonation; Appeal No. 268 of 2018 pending, listed 28 February 2019 for admission and final disposal
• SAT matter SATV-9B42973ECE3E5C7DE801DBCF
  Call on January 30, 2026
  Appeal: Review Application No. 30 of 2025 in Appeal No. 172 of 2022 pending; next listed on January 30, 2026
• SAT matter SATV-42C60255BD0727D762A0161A
  Both appeals were adjourned and directed to be listed on 06 May 2026
  Appeal: Appeal Nos. 73 and 74 of 2024, along with Misc. Applications Nos. 1694 and 1695 of 2023, were pending before SAT and adjourned on 10 March 2026 to 06 May 2026
• SAT matter SATV-8F9516CBB60A152EDF7D6BEC
  Call / listed on December 11, 2024
  Appeal: Appeal No. 73 of 2024 with Misc. Application No. 1694 of 2023 and Appeal No. 74 of 2024 with Misc. Application No. 1695 of 2023 pending; next listing December 11, 2024
• SAT matter SATV-98558F7D6E1166657EBA4104
  Adjourned by consent and listed on April 30, 2026
  Appeal: Appeal No. 97 of 2025 with Misc. Application Nos. 109 and 559 of 2025 pending; adjourned to April 30, 2026 vide order dated 10.03.2026
• SAT matter SATV-9BEA31B844DB00EF002AAEFE
  Matter adjourned and directed to be called on May 06, 2026
  Appeal: Appeal No. 73 of 2024 and Appeal No. 74 of 2024 pending before SAT; adjourned to May 06, 2026 vide order dated 10.03.2026
• SAT matter SATV-93120C06EA791A309680570B
  Post along with Appeal No. 61 of 2025 on August 7, 2025
  Appeal: Appeal No. 73 of 2024 with Misc. Application No. 1694 of 2023 and Appeal No. 74 of 2024 with Misc. Application No. 1695 of 2023 adjourned vide SAT order dated 30.04.2025 to 07.08.2025, no disposal on merits
• SAT matter SATV-9CC0EF8D5D287477F9E1509D
  List for admission on February 23, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment
  Appeal: Misc. Application No. 246 of 2023 and Appeal Lodging No. 146 of 2023 by MCX vs SEBI - listed for admission on 23.02.2023
• SAT matter SATV-BF0FF553E0AEBB471B8F301D
  By consent, matter to be called on March 13, 2025
  Appeal: Appeal No. 109 of 2025 pending before SAT; adjourned by consent to March 13, 2025 vide order dated 20.02.2025
• SAT matter SATV-AAF168E4E06E4536CA93D7EA
  By consent, matter to be called on July 24, 2024
  Appeal: Appeal No. 563 of 2022 with Misc. Application No. 510 of 2023 and Appeal No. 207 of 2023 pending; adjourned to 24 July 2024 vide order dated 26.06.2024
• SAT matter SATV-AE12A2CAA9C6001F742970DE
  Adjourned on request of counsel for respondent SEBI · List on August 30, 2023; parties to act on digitally signed copy
  Appeal: Appeal No. 563 of 2022 and Appeal No. 207 of 2023 with Misc. Application No. 510 of 2023 adjourned on 02.08.2023; next listing August 30, 2023
• Challenge to MCX reports dated 04.10.2024 and invoice dated 04.10.2024 issued by respondent
  Appeal dismissed as withdrawn with liberty to file fresh appeal arraying MCXCCL as party respondent · Pending Misc. Application No. 1288 of 2024 disposed of
  Appeal: Appeal No. 726 of 2024 dismissed as withdrawn on 14 January 2025 with liberty to refile within 7 days
• SAT matter SATV-AE63122FD829955FA6279949
  Leave granted to withdraw appeal · Appeal dismissed as withdrawn
  Appeal: Appeal No. 173 of 2022 dismissed as withdrawn on 27 September 2024
• SAT matter SATV-AEE96CE9EAC3AC4EBEBE08FB
  By consent, call on July 24, 2024
  Appeal: Appeal No. 563 of 2022 and Appeal No. 207 of 2023 pending before SAT with Misc. Application No. 510 of 2023; adjourned by consent to July 24, 2024
• SAT matter SATV-BC9FCFD6CB3F94404F71D1B2
  Correction ordered: Paragraph No. 3 to read total penalty reduced to Rs. 25 Lakhs · Refund, if appellant entitled, to be made within outer limit of two months from today
  Appeal: Review Application No. 28 of 2025 in Appeal No. 171 of 2022; order dated 16.02.2026 corrected by order dated 19.02.2026; praecipe disposed of
• SAT matter SATV-BF569A2351D2D858A1CDCD92
  Adjourned at appellant's request; matter to be called on June 11, 2026
  Appeal: Appeal No. 109 of 2025 pending; adjourned to June 11, 2026
• SAT matter SATV-D21B8C36F260CAA4AEC8F34F
  List on December 06, 2023
  Appeal: Appeal No. 563 of 2022 and Appeal No. 207 of 2023 with Misc. Application No. 510 of 2023 heard on 04.10.2023, adjourned to 06.12.2023 with no disposal
• SAT matter SATV-DAF37F428EFC9D78BFB3BA7E
  Show cause notice to be issued by relevant authority of Stock Exchange · Hearing to be conducted by relevant statutory committee
  Appeal: Appeal Nos. 140 and 141 of 2018 allowed vide SAT order dated April 26, 2021 quashing impugned orders; Misc. Applications Nos. 635-636 of 2021 disposed on 16.06.2021
• SAT matter SATV-D77A01DA45AB0B3CFB45FD13
  Call on January 30, 2026
  Appeal: Review Application No. 29 of 2025 in Appeal No. 170 of 2022 pending, next date 30 January 2026
• SAT matter SATV-DCAB82C8518878A4BD8CD032
  Correction ordered: Paragraph No. 3 to read total penalty reduced to Rs. 25 Lakhs with refund if entitled · Praecipe stands disposed of
  Appeal: Review Application No. 29 of 2025 in Appeal No. 170 of 2022 - praecipe disposed on 19.02.2026 correcting order dated 16.02.2026
• SAT matter SATV-F533998631AC337553CA068F
  Three weeks granted to appellant to file rejoinder · Matter listed on September 23, 2026
  Appeal: Appeal No. 110 of 2026 with Misc. Application No. 347 of 2026 pending; adjourned to September 23, 2026 for rejoinder filing
• SAT matter SATV-EAD98243B1498B300605A286
  Call on January 30, 2026
  Appeal: Review Application No. 28 of 2025 in Appeal No. 171 of 2022 pending; adjourned to January 30, 2026 vide order dated 19.01.2026
• SAT matter SATV-FDA0C090EB4B442D3E4B8A7A
  Order dated 28 November 2025 modified on penalty quantum · Total penalty reduced to Rs 75 Lakhs
  Appeal: Review Application No. 29 of 2025 in Appeal No. 170 of 2022 disposed on 16 February 2026 modifying order dated 28 November 2025
• SAT matter SATV-F461636523FC5F21D668ECE6
  Call on February 16, 2026
• SAT matter SATV-FE65A2F31295A8A4CFF63F84
  Three weeks time granted to appellant to file rejoinder · Matter listed on October 6, 2025 by consent
  Appeal: Appeal No. 61 of 2025 pending; adjourned to October 6, 2025 for rejoinder
• SAT matter SATV-61F4B265B758073D1E8CA241
  Adjournment granted by consent · Matter listed for 10 March 2026
  Appeal: Appeal No. 97 of 2025; adjourned on 16 February 2026 by consent and listed for 10 March 2026
• SAT matter SATV-70772BD24E7ABEBF4FF79388
  Appeal admitted · Respondent granted four weeks to file reply
  Appeal: Appeal No. 109 of 2025 admitted on 13 March 2025; listed for 25 June 2025
• SAT matter SATV-58A82EAB8DC5459A7E14FCA0
  Post Appeal No. 061 of 2025 along with Appeal No. 73 of 2024 on August 7, 2025
  Appeal: Appeal No. 061 of 2025 adjourned as prayed, to be heard with Appeal No. 73 of 2024 on August 7, 2025; no disposal on merits
• SAT matter SATV-6AB18C10083F98447BEE79F8
  Appeals tagged as connected with Appeal No. 61 of 2025 · Matter to be called on March 10, 2026
  Appeal: Appeal Nos. 73 and 74 of 2024 pending; adjourned to March 10, 2026
• SAT matter SATV-6308AF6CA57B36A81543C790
  Urgency application disposed off as appeal taken up for admission · Appeal connected with Appeal No. 563 of 2022
  Appeal: Appeal No. 207 of 2023 with Misc. Application No. 246 of 2023 filed; stay granted till disposal of appeal
• SAT matter SATV-6A460EFBA74ECCE4B39B1DA0
  Appeal allowed to be withdrawn with liberty to file fresh appeal with additional grounds and documents · Appeal disposed of with no order as to costs
  Appeal: Appeal No. 381 of 2017 disposed as withdrawn on 16.1.2018 with liberty to file fresh appeal
• SAT matter SATV-7FC54BB4D303ABE2EA990812
  List Appeals No. 608 and 609 of 2019 on June 9, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal Nos. 608 of 2019 and 609 of 2019 pending before SAT, adjourned to June 9, 2021 vide order dated 07.05.2021
• SAT matter SATV-7C88BAE04E58CC0C209C82B4
  List Appeal Nos. 608 and 609 of 2019 on June 9, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
  Appeal: Appeal Nos. 608 and 609 of 2019 pending before SAT; adjourned to June 9, 2021 vide order dated 07.05.2021, not disposed
• SAT matter SATV-A703E95CD253D4BE4524724C
  List Appeal No. 140 of 2018 and Appeal No. 141 of 2018 on March 25, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
  Appeal: Appeal No. 140 of 2018 and Appeal No. 141 of 2018 pending; adjourned to March 25, 2021 vide order dated 25.02.2021
• SAT matter SATV-BF4B34F44A0E90FDA33E109F
  Adjournment granted at appellant's request; matter listed on August 20, 2026
  Appeal: Appeal No. 109 of 2025 pending before SAT, adjourned to 20 August 2026
• SAT matter SATV-B6AD262F195202C831DE70F1
  Three weeks' time to file rejoinder granted to appellant · Matter listed on 06.10.2025 by consent
  Appeal: Appeal No. 109 of 2025 pending before SAT; adjourned to 06.10.2025 for rejoinder
• SAT matter SATV-D2907B2546944F1666782A74
  List on December 06, 2023
  Appeal: Appeal No. 563 of 2022 and Appeal No. 207 of 2023 with Misc. Application No. 510 of 2023 pending, adjourned to December 06, 2023
• SAT matter SATV-CD901F1EE41F95BDE37CFE16
  Admit Appeal No. 97 of 2025 · Respondent granted four weeks to file reply
  Appeal: Appeal No. 97 of 2025 along with Misc. Application No. 109 of 2025 admitted on 17.02.2025, pending, next hearing April 28, 2025
• SAT matter SATV-D955BF48666E9771F5D41009
  Condonation of 41 days delay allowed; Misc. Application No. 1336 of 2025 allowed · Appeal No. 562 of 2025 admitted
  Appeal: Appeal No. 562 of 2025 admitted on 16.01.2026 and pending; Misc. Application No. 1336 of 2025 for condonation allowed; next date April 9, 2026
• SAT matter SATV-DF36F4251D06D003D72BEDAE
  Adjournment granted at request of respondent SEBI · Matters to be called on June 26, 2024 by consent
  Appeal: Appeal No. 563 of 2022 and Appeal No. 207 of 2023 pending; adjourned vide order dated 02.05.2024 to 26.06.2024
• SAT matter SATV-E13B6DE9005897A6ABB9EF08
  Three weeks time granted to appellant to file rejoinder · Matter to be called on December 9, 2025
  Appeal: Appeal No. 61 of 2025 pending before SAT Mumbai; rejoinder stage, next date December 9, 2025
• SAT matter SATV-F76D143C8877AD592B6A89BF
  List Appeal No. 140 of 2018 and Appeal No. 141 of 2018 on March 25, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
  Appeal: Appeal No. 140 of 2018 and Appeal No. 141 of 2018 pending; adjourned to March 25, 2021
• SAT matter SATV-FC9415AF477BD94C75A8390A
  Total penalty reduced to Rs. 25 Lakhs · Refund, if appellant entitled, to be made within outer limit of two months
  Appeal: Review Application No. 30 of 2025 in Appeal No. 172 of 2022; praecipe disposed of on 19.02.2026