National Securities Depository Limited

SAT-appeal

• SAT matter SATV-099DEC49F39699882DBE0C74
  Appellant was granted additional time to file an amendment application · Matter listed for 15 July 2025
  Appeal: Appeal No. 255 of 2025 was pending; on 1 July 2025, additional time was granted to file an amendment application and the matter was listed for 15 July 2025.
• SAT matter SATV-0C16210B73FDD455B6AC1CA8
  Registry directed to verify the appellant's miscellaneous application seeking amendment of pleadings · Matter directed to be put up on 17 July 2025
  Appeal: Appeal No. 255 of 2025; order dated 16 July 2025; miscellaneous applications Nos. 574 and 575 of 2025 mentioned; appeal not disposed of in this order
• Challenge to freezing of demat accounts and continued promoter classification after the proposed acquisition of control failed; appellants contended they were not promoters and were wrongly subjected to company-related compliance consequences.
  Impugned BSE communications dated 6 April 2021 and 21 June 2021 quashed. · BSE and NSDL directed to defreeze both appellants' demat accounts forthwith.
  Appeal: Appeal Nos. 187 and 188 of 2022 allowed by SAT on 6 February 2023.
• SAT matter SATV-0FA8089532F46746EAED592D
  Matter adjourned by consent to 25 July 2025
  Appeal: Appeal No. 348 of 2023 remained pending; adjourned by consent on 23 June 2025 to 25 July 2025
• SAT matter SATV-1194EFE4F5C5204737F4DFA5
  Appellant granted two weeks to complete instructions after receiving the reply. · Matter listed for 03 November 2025.
  Appeal: Appeal No. 255 of 2025, with Miscellaneous Application Nos. 574 and 575 of 2025; order dated 09 October 2025; adjourned to 03 November 2025.
• SAT matter SATV-15AB1F04629272D08395385D
  Appeal No. 330 of 2024 disposed of as infructuous · All interlocutory applications disposed of
  Appeal: Appeal No. 330 of 2024 disposed of as infructuous on 28 August 2024
• SAT matter SATV-18C23123F7618C9F8544C62A
  List Appeal No. 255 of 2025 and Miscellaneous Applications Nos. 574 and 575 of 2025 on July 16, 2025
  Appeal: Appeal No. 255 of 2025, with Miscellaneous Applications Nos. 574 and 575 of 2025; order dated 14 July 2025 directing listing on 16 July 2025
• SAT matter SATV-1BE3A085F93756E7D6E2517E
  Miscellaneous application allowed and orders dated 5 July 2022 and 16 November 2022 recalled · Appeal restored to its original number
  Appeal: SAT Appeal No. 352 of 2022, decided and rejected on 16 December 2022; Miscellaneous Application No. 1587 of 2022 allowed
• SAT matter SATV-3E3EA0B37349EBAA7D93619C
  Adjourned at request of Respondent No. 1; matter listed on November 21, 2025
  Appeal: Appeal No. 255 of 2025 with Misc. Application Nos. 574 and 575 of 2025 pending; order dated 03.11.2025 adjourning to 21.11.2025
• SAT matter SATV-4DBDC87C6BE2B6A4F9F31967
  Matter adjourned and called on September 16, 2025
  Appeal: Appeal No. 255 of 2025 with Misc. Application Nos. 574 and 575 of 2025 pending, taken up on 09.09.2025 and adjourned to 16.09.2025
• Failure to put in place appropriate systems to ensure that securities not approved for listing were not delivered in stock-exchange settlement through depository systems.
  SEBI's order dated 4 December 2008, insofar as applicable to NSDL, was quashed and set aside. · Appeal allowed; all other contentions kept open.
  Appeal: Appeal No. 153 of 2011 allowed on 30 August 2013; impugned SEBI order quashed and set aside.
• SAT matter SATV-3EDA40B8FD3A563BC535A686
  Appellant permitted to seek amendment by filing an appropriate application · Matter adjourned by consent and listed on 1 July 2025
  Appeal: Appeal No. 255 of 2025, with Miscellaneous Application Nos. 574 and 575 of 2025; order dated 9 June 2025; adjourned to 1 July 2025
• SAT matter SATV-6D8BA04282BA989214E301A1
  Matter adjourned by consent and listed on 09.01.2026
  Appeal: Appeal No. 255 of 2025 with Misc. Application Nos. 574 and 575 of 2025 pending, adjourned to 09.01.2026 vide order dated 18.12.2025
• SAT matter SATV-63B6EADAEB9755833AB5175D
  List for admission on 09.06.2025
  Appeal: Appeal No. 255 of 2025 with Misc. Application Nos. 574 and 575 of 2025 pending; listed for admission on 09.06.2025 per order dated 03.06.2025
• SAT matter SATV-763CCE80934AE283A4A0D226
  List Misc. Application No. 416 of 2026 on April 21, 2026
  Appeal: Misc. Application No. 416 of 2026 in Appeal No. 255 of 2025 pending; listed on April 21, 2026
• SAT matter SATV-940A49840A45F08E1411B8DA
  List Misc. Application No. 293 of 2026 on March 16, 2026
  Appeal: Misc. Application No. 293 of 2026 in Appeal No. 255 of 2025 pending; next listing March 16, 2026
• SAT matter SATV-AC7529FAE3798A4EB8512698
  Registry to verify listing of Misc. Application No. 812 of 2025 and put up on July 18, 2025 · Matter to be called on July 18, 2025
  Appeal: Appeal No. 255 of 2025 with Misc. Application Nos. 574 and 575 of 2025 pending; adjourned to July 18, 2025
• Cornering retail IPO shares via fictitious/benami applications and funneling to principals/financiers for first-day listing sale gains; depositories/participants allegedly facilitated.
  Impugned WTM disgorgement order set aside qua the appellants · Appeals allowed with no order as to costs
  Appeal: Appeal No. 147 of 2006 with 149/2006, 5 and 7-12/2007 allowed on 22.11.2007; impugned order set aside qua appellants
• SAT matter SATV-ED09B5A20D83171D5DD3C1E3
  Praecipe for change of date allowed and disposed of · Matter to be called on July 14, 2025
  Appeal: Appeal No. 255 of 2025 along with Misc. Application Nos. 574 and 575 of 2025 pending; praecipe disposed on 04.07.2025, next listed on 14.07.2025
• Governance/management concerns at NSDL prompting direction to promoters to revamp management
  Appeal disposed of as infructuous as not pressed following SEBI statement · SEBI directed to conclude pending investigations expeditiously
  Appeal: Appeal No. 78 of 2006 disposed of as infructuous on 22.11.2007
• Alleged failures by NSDL in regulating and monitoring demat accounts used in fraudulent IPO applications, including inadequate KYC verification and oversight of fictitious or benami accounts.
  Appeal No. 152 of 2011 challenged SEBI's order dated 4 December 2008; the excerpt does not state the final disposition of this appeal.
  Appeal: Appeal No. 152 of 2011, decided 6 August 2013; the supplied excerpt does not include the operative decision. Related Appeal No. 68 of 2007 was allowed on 14 January 2009; Appeal No. 147 of 2006 was allowed on 22 November 2007.
• SAT matter SATV-63E262E9C027BC01A8466726
  Respondent No. 2 was granted time. · Connected appeals were directed to be listed on 28 January 2026.
  Appeal: Appeal No. 02 of 2026, along with Miscellaneous Application Nos. 19 and 52 of 2026; order dated 23 January 2026; matter adjourned with connected appeals to be listed on 28 January 2026.
• SAT matter SATV-4DD1B47033C63A3D892E905F
  Time as prayed granted to applicant to file representation before BSE Ltd pursuant to order dated 30 January 2026 · Misc Application No 293 of 2026 (recorded as 293 of 2025 in para 2) disposed of
  Appeal: Misc Application No 293 of 2026 in Appeal No 255 of 2025 disposed of on 16.03.2026; main Appeal No 255 of 2025 pending; extension granted to comply with SAT order dated 30 January 2026
• SAT matter SATV-7E469C2841B7D4F67AAD7935
  Misc. Application No. 416 of 2026 allowed and disposed of · Applicant / BSE permitted to comply with the orders within four weeks from today
  Appeal: Misc. Application No. 416 of 2026 in Appeal No. 255 of 2025 allowed and disposed of on 21.04.2026
• SAT matter SATV-A98F0DCD3CD24C1B54573D1E
  Respondent No. 2 granted time to file reply as last chance · Matter to be called on October 09, 2025
  Appeal: Appeal No. 255 of 2025 with Misc. Application No. 574 of 2025 and Misc. Application No. 575 of 2025 pending; adjourned to October 09, 2025
• Alleged deficiencies in handling beneficial owner accounts on deactivation/termination of a depository participant leading to SEBI directions and adverse observations against NSDL.
  Adverse observations against appellant in impugned order insofar as adverse shall stand expunged · Appeal stands disposed of with no order as to costs
  Appeal: Appeal No. 21 of 2010 disposed of on 22.6.2010 - adverse observations expunged, no order as to costs
• SAT matter SATV-F3374753889B9DAAA8BB4DEC
  Matter to be called on 18.12.2025 as prayed for by the appellant
  Appeal: Appeal No. 255 of 2025 along with Misc. Application Nos. 574 and 575 of 2025 pending; adjourned to 18.12.2025 vide order dated 21.11.2025