National Stock Exchange of India Ltd

SAT-appeal

• Alleged inaction by NSE in furnishing client account documents after declaring Quantum Global Securities defaulter, blocking filing of claims.
  NSE to provide necessary documents to respective appellants within three months · Appellants may file claim on basis of documents in possession and seek time for further documents
  Appeal: Appeal No.294 of 2020 and Appeal No.295 of 2020 reserved 28.9.2020, disposed 01.10.2020 without costs
• SAT matter SATV-55DC5AA32CD9D286CC2D3CB7
  Order reserved after hearing learned senior counsel at length
  Appeal: Appeal Nos. 184, 331, 333, 336, 433 of 2019 with Misc. Applications 777/2021, 250/2019, 257/2019, 298/2019 - heard 26.11.2021, order reserved, not disposed
• Dealer entered sell of 17 lakh NIFTY 50 units instead of Rs 17 lakh value creating Rs 980 cr order; appellant claimed material mistake seeking annulment, NSE rejected as gross negligence and lack of risk controls.
  NSE rejected annulment application dated 7 Oct 2012 vide order dated 29 Apr 2013 · NSE DAC imposed monetary penalty of Rs 25 lakh vide order dated 29 Oct 2012 holding trades were outcome of error
  Appeal: Appeal No.64 of 2013 with Appeal Nos.86-87 of 2013 and Misc.Appl.80-81 of 2014, reserved 11.7.2014, decided 26.8.2014 by common judgment
• SAT matter SATV-84C39E346ED51D022ACAB921
  Delay in filing of appeals condoned and misc applications allowed · Respondent to file reply within a week
  Appeal: Appeal Nos. 630, 631, 632, 633, 634, 635 and 636 of 2023 filed; delay condoned on 28.07.2023; pending for admission on 09.08.2023
• SAT matter SATV-7B04F395BAE10A28EF2B0573
  List Appeal Nos. 499 and 500 of 2019 on December 21, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on hearing mode
  Appeal: Appeal Nos. 499 of 2019 and 500 of 2019 with Misc. Application No. 554 of 2019 pending; listed on December 21, 2021
• SAT matter SATV-9E5CA4CCEF5E0EFF66AD89E2
  Respondent to file reply within three days · Rejoinder may be filed on or before next date
  Appeal: Appeal No. 145 of 2021 with Misc. Applications 283-284 of 2021 and Appeal No. 494 of 2021 pending; next listing 26 July 2021
• NSE colocation scam: preferential Tick-By-Tick data access and first-login/secondary-server advantage to select brokers causing front-running and market abuse.
  NSE to disgorge Rs 624.89 cr with 12% interest from 1 Apr 2014 to IPEF · NSE barred from securities market for 6 months; frequent system audit and tech committee reconstitution
  Appeal: Appeal Nos.333,331,336,433,184 of 2019 with Misc Apps 257,777,250,298 of 2019; hearing 26.11.2021, decision 23.01.2023; final disposal not in excerpt
• SAT matter SATV-C9F9BC49221C2501E0463533
  Three weeks time allowed to NSE to file rejoinder · Matter listed on November 18, 2022
  Appeal: Appeal No.236/2022 with Misc.Appl.392-393/2022 and Appeal No.370/2022 pending; NSE to file rejoinder; listed on 18 Nov 2022
• SAT matter SATV-CAE5FCF73FC08F96FD69F98F
  Registry to put Misc. Application No. 826 of 2025 on July 21, 2025
  Appeal: Misc. Application No. 826 of 2025 in Appeal No. 229 of 2025 pending; mentioned on 18.07.2025, listed for July 21, 2025
• SAT matter SATV-DD683E3FB517CB43F09C9343
  Matters stood over / adjourned to 2nd September, 2022 due to non-availability of Bench · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual charges
  Appeal: Appeal Nos.353, 366, 367 of 2021 and 31, 32 of 2022 against NSE pending before SAT; adjourned to 02.09.2022 vide order dated 12.08.2022
• Claim of Rs 2,02,23,581.01 against expelled member Anugrah Stock & Broking Pvt Ltd sought under NSE Investor Protection Fund.
  Appeal No. 754 of 2022 disposed of holding max Rs 25 lacs payable under Investor Protection Fund · Balance claim beyond Rs 25 lacs not recoverable under IPF; remedy lies elsewhere
• SAT matter SATV-E4480EF486F13939006993C8
  Appeal No. 701 of 2021 dismissed as covered by decision in Appeal No. 700 of 2021 · Exemption from filing certified copy of impugned order allowed
  Appeal: Appeal No. 701 of 2021 dismissed on 25.11.2021
• SAT matter SATV-516E84228D30E57C53B9D0BD
  Appellant granted two weeks' time in relation to withdrawal of the advocate-on-record's Vakalatnama · Matter listed on 25 March 2026
  Appeal: Appeal No. 09 of 2024 remained pending; listed for 25 March 2026
• Modex prima-facie misusing clients' securities; Axis Bank as PCM holding ~Rs.98.15 cr securities against Rs.21.61 cr PCM dues and resisting NSE directions to release excess client securities
  Appeal: Appeal No.277 of 2020 with Misc. 287 of 2020 stay and Misc. 307 of 2020 intervener challenging NSE communications dated 06.07.2020, 07.08.2020, 12.08.2020, 19.08.2020; reserved 26.10.2020, decided 11.11.2020
• SAT matter SATV-682702B7325F44759CBF0158
  Matter adjourned and to be called on 17.08.2026 as prayed by appellant
  Appeal: Appeal No. 207 of 2026 along with Misc. Application Nos. 631 & 645 of 2026 pending before SAT; adjourned to 17.08.2026
• SAT matter SATV-69281680596EE9A16CD7DA8C
  Adjournment granted by consent, matter to be called on January 16, 2025
  Appeal: Appeal No. 814 of 2023 pending before SAT, adjourned to January 16, 2025 vide order dated 07.11.2024
• Investor complaints by appellants against Ventura Securities Ltd / Ameet Savant; Tribunal had directed SEBI to register complaints and conduct detailed investigation
  Delay in filing Review Applications condoned and applications allowed for hearing · Preliminary objection on maintainability rejected
  Appeal: Review Applications No.36-41 of 2023 with Misc.Applications 1421-1426/2023 dismissed on 18.12.2023; SEBI appeal against Tribunal order dated 24.07.2023 stated to be admitted by Supreme Court
• SAT matter SATV-84373382DF57D8F76CFFD621
  Call on January 23, 2026
  Appeal: Appeal No. 568 of 2025 with Misc. Applications No. 1252, 1322, 1323 and 1324 of 2025 pending; adjourned to January 23, 2026
• SAT matter SATV-AD2B1275AB942690D03FFF0B
  Matter adjourned and to be called on October 06, 2025
  Appeal: Appeal No. 403 of 2025 pending before SAT; procedural order dated 09.09.2025 adjourning matter to 06.10.2025
• Challenge to BSE orders dated 12 Dec 2025 and 15 Dec 2025 placing Embassy Developments Limited under Additional Surveillance Measure (ASM) framework
  Appeal No.1 of 2026 dismissed as withdrawn after ASM removal · Pending interlocutory applications disposed of
• Whether NSE/BSE could suspend trading in Sintex Industries Ltd w.e.f. 22 March 2022 based solely on disclosure of CoC-approved resolution plan without show-cause/SOP.
  Sole question framed: legality of 21 March 2022 suspension circulars; final operative directions dated 30.11.2022 beyond excerpt pages 1-14
  Appeal: Appeal No. 671 of 2022 with Misc. Appl. 1032, 1046, 1522 of 2022 heard 22.11.2022 decided 30.11.2022 by SAT Mumbai
• NSE colocation scam - preferential Tick-By-Tick data access and first login advantage to select brokers including OPG, alleged front-running and market abuse in connivance with NSE staff.
  NSE to disgorge Rs.624.89 crores with 12% p.a. from 1 April 2014 to IPEF · NSE barred from securities market for 6 months from 30 April 2019
  Appeal: Appeal Nos.333/2019 NSE, 331/2019 Ravi Narain, 336/2019 Chitra Ramkrishna, 184/2019 OPG, 433/2019 A.Kumar against WTM orders dated 30 April 2019; heard 26.11.2021, decided 23.01.2023
• SAT matter SATV-DE626F2A9033F4BC154AC764
  Delay condoned and Misc. Application No. 1075 of 2022 allowed · Exemption application Misc. Application No. 1076 of 2022 allowed
  Appeal: Appeal No. 597 of 2022 by Shree Pushkar Chemicals vs NSE & Anr pending; listed for admission and final disposal on 2 December 2022
• NSE direction dated 27.03.2024 requiring Sushil Financial Services to terminate Chaitya Financial Services as authorized person on disciplinary action ground per inspection.
  Appeal disposed as infructuous after NSE withdrew 27.03.2024 communication · Withdrawn 27.03.2024 letter shall have no stigma on appellant
  Appeal: Appeal No. 270 of 2024 with Misc. Application No. 482 of 2024 disposed on 05.07.2024 as infructuous