Pat Financial Consultants Pvt. Ltd.

SAT-appeal

• SAT matter SATV-004ED03A1DC93173EE38F2B9
  Miscellaneous applications and appeals listed for further hearing on 25 January 2023
  Appeal: Appeal Nos. 621 and 622 of 2022 were pending and listed for 25 January 2023
• Alleged aiding and abetting of fictitious/backdated GECS and related securities transactions to inflate Niskalp's profits and support false disclosures in Tata Finance Limited's rights-issue letter of offer.
  Appeal: Appeal Nos. 222 of 2016 and 281 of 2016 were heard together and disposed of by the SAT decision dated 30 May 2018; the excerpt does not state the final operative disposal directions.
• SAT matter SATV-0DA6BB33B5C388D15CF5ADE7
  Two-day delay in filing Review Applications Nos. 3 and 4 of 2018 condoned · Miscellaneous Applications Nos. 193 and 194 of 2018 disposed of
  Appeal: Review Applications Nos. 3 and 4 of 2018 in Appeal Nos. 222 and 281 of 2016; two-day filing delay condoned on 09 July 2018 and applications disposed of
• SAT matter SATV-1604BBE04D62790CFB332C5E
  Appellants granted three weeks to file rejoinder · Matters listed for 28 February 2023
  Appeal: Appeal Nos. 621 and 622 of 2022 were pending; rejoinder permitted and matters listed on 28 February 2023.
• SAT matter SATV-18D7E1769D8C7723E10A3C19
  Appellants permitted to sell the shares listed in the application exhibits · Appellants permitted to utilize the sale proceeds
  Appeal: Miscellaneous Application No. 189 of 2016 in Appeal No. 222 of 2016 disposed of on 26 September 2016; no order as to costs
• SAT matter SATV-26D1387C7665E986E6AEFC3D
  Respondent's request for adjournment allowed · Appeals listed for hearing on 29 September 2023
  Appeal: Appeal Nos. 621 of 2022 and 622 of 2022 were adjourned on 10 August 2023 at the respondent's request; listed for 29 September 2023
• Selling shares of various companies in excess of the limits permitted by SAT's order dated 26 September 2016.
  Invest amounts received from sale of shares exceeding SAT-prescribed limits in a fixed deposit with a nationalized bank. · Furnish the original fixed deposit receipt to SEBI forthwith.
  Appeal: Miscellaneous Application No. 283 of 2016 in Appeal No. 222 of 2016 disposed of on 23 November 2016
• Manipulation of scrip price by contributing to LTP in 14 trades across eight dates and to new high price in ten trades.
  Appeals allowed; AO common order dated 24.01.2019 set aside · Matter remitted to AO to decide afresh per SAT observations
  Appeal: Appeal Nos. 228 and 229 of 2019 allowed on 06.10.2021; AO order dated 24.01.2019 set aside and remanded for fresh decision
• SAT matter SATV-331C2DD19299CBB9FD5BB6A5
  Rejoinder filed taken on record · List on March 30, 2023
  Appeal: Appeal No. 621 of 2022 with Misc. Application No. 1718 of 2022 and Appeal No. 622 of 2022 with Misc. Application No. 1719 of 2022 pending, listed on March 30, 2023
• Manipulation of Ponni Sugars (Erode) Ltd scrip price by placing buy orders above LTP, significantly contributing to positive LTP and new high price.
  Violation of Regulation 3 and 4 of PFUTP Regulations upheld · Penalty reduced to Rs.5 lakh on Pat and Rs.7.5 lakh on Gandiv under Section 15HA
  Appeal: Appeal Nos.621 and 622 of 2022 disposed on 15 September 2025; prior Appeals 228-229 of 2019 remanded on 06 October 2021
• SAT matter SATV-2F413D1E23CC1351D9B4BE70
  Adjourned on request of the appellant · List on 10th August, 2023
  Appeal: Appeal No.621 of 2022 and Appeal No.622 of 2022 adjourned on 14.7.2023 on appellant request; listed on 10 August 2023
• SAT matter SATV-3DE67F20FBF45229E3CF9813
  Appeals listed for 23 January 2024
  Appeal: Appeal Nos. 621 of 2022 and 622 of 2022 were pending before SAT and listed for 23 January 2024; no disposal on merits stated.
• SAT matter SATV-4297006A5644D7EFAEBDC6C4
  Heard appellant counsel; listed for respondent arguments on 23.08.2024
  Appeal: Appeal No. 621 of 2022 and Appeal No. 622 of 2022 pending before SAT; heard in part on 22.08.2024 and adjourned to 23.08.2024, no final disposal
• SAT matter SATV-706DBD22F7F3DAC64C13180B
  Order reserved after hearing counsel for parties · Parties to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal No.228 of 2019 and Appeal No.229 of 2019 heard on 30.9.2021; order reserved, not disposed
• SAT matter SATV-76EC109836EB6FE635BA847B
  Misc. Application No.780 of 2021 allowed permitting substitution of heirs of deceased appellant Bharat Patel · Necessary amendment to be carried out in array of parties of appellants
  Appeal: Appeal Nos.228 of 2019 and 229 of 2019 pending; Misc. Application No.780 of 2021 allowed on 15.09.2021; appeals listed for admission and final disposal on 30.09.2021
• SAT matter SATV-4C030F260B1B350C5B705ACE
  Appeal Nos. 228 and 229 of 2019 adjourned and listed for 5 May 2021 · Parties directed to contact the Registrar 48 hours before the listed date regarding hearing mode
  Appeal: Appeal Nos. 228 and 229 of 2019 were adjourned on 23 April 2021 and listed for 5 May 2021; no final disposal stated
• Backdating sale/purchase of GTL and GECS shares to record fictitious profits in Niskalp books and misstate TFL rights issue letter of offer dated 20.03.2001; brokers alleged to have aided and abetted.
  WTM order 21.06.2016: appellants restrained from accessing securities market and prohibited from buying/selling/dealing for 3 years · WTM order: A.L. Shilotri additionally restrained from holding key managerial position in listed company for 3 years
• SAT matter SATV-9855635B5A7607D1D8928306
  List on November 30, 2023
  Appeal: Appeal No. 621 of 2022 and Appeal No. 622 of 2022 pending, next listed on November 30, 2023
• Price manipulation of Ponni Sugars (Erode) Ltd scrip by placing buy orders above LTP, significantly contributing to positive LTP and new high price (NHP).
  Upheld violation of Regulations 3 and 4 of PFUTP Regulations · Penalty on Pat reduced to Rs 5 lakh under Section 15HA
  Appeal: Appeal Nos. 621 and 622 of 2022 decided 15 September 2025; prior Appeals 228-229 of 2019 remanded vide SAT order dated 6 October 2021
• SAT matter SATV-54FF88FB31B2A806CC1FFEA9
  List Misc. Application No. 780 of 2021 and Appeal No. 228 of 2019, and Appeal No. 229 of 2019, on 15 September 2021 · Parties to contact the Registrar 48 hours before the listed date regarding video-conference or physical hearing
  Appeal: Appeal Nos. 228 of 2019 and 229 of 2019 were pending; listed for 15 September 2021
• SAT matter SATV-D0051FA41420251F23FDE9D2
  Substitution application in Misc. Application No. 780 of 2021 allowed for heirs of deceased Bharat Patel · Necessary amendment in array of appellants to be carried out
  Appeal: Misc. Application No. 780 of 2021 in Appeal No. 228 of 2019 with Appeal No. 229 of 2019 pending; listed for admission and final disposal on September 30, 2021
• SEBI penalty order challenged as prima facie excessive compared to lesser penalty imposed in earlier round of litigation
  Delay of 37 and 51 days condoned; Misc. Applications allowed · Respondent SEBI to file reply within three weeks
  Appeal: Appeal Nos. 621 and 622 of 2022 pending before SAT; delay of 37 and 51 days condoned; listed for admission and final disposal on 15 Dec 2022
• Manipulation of price of scrip by contributing to LTP on 14 trades across eight dates and to new high price on 10 trades
  Appeals allowed and impugned AO order dated 24.01.2019 set aside · Matter remitted to AO to decide afresh in light of observations
  Appeal: Appeal Nos.228 and 229 of 2019 allowed and remanded vide SAT decision dated 06.10.2021 (reserved 30.09.2021)
• SAT matter SATV-E243CEB71A4D44DA2FDB8E7B
  Adjourned due to non-availability of the bench · List on March 8, 2024
  Appeal: Appeal No. 621 of 2022 and Appeal No. 622 of 2022 adjourned on 23.01.2024, next listed on 08.03.2024
• SAT matter SATV-E235968A6A1FE39E33E3500D
  List Appeal No. 621 of 2022 and Appeal No. 622 of 2022 on January 23, 2024
  Appeal: Appeal No. 621 of 2022 and Appeal No. 622 of 2022 pending before SAT, next listed on January 23, 2024
• SAT matter SATV-E9D06F4CA254F1767DC8B3B2
  Hearing concluded after hearing counsel at length; order reserved
  Appeal: Appeal Nos. 621 of 2022 and 622 of 2022 heard at length on 23.08.2024; order reserved, not disposed
• SAT matter SATV-EF69471EEB6D79DC0A69FF6F
  Impugned WTM order dated Oct 20, 2021 set aside · Matter remitted to WTM for fresh decision on merits
  Appeal: Appeal No. 691 of 2021 allowed on 20.03.2023; impugned order set aside and remanded
• SAT matter SATV-58C7FD1BAD356898A0A94C45
  Appeals adjourned on the appellants' request · Appeals listed for 3 November 2023
  Appeal: Appeal Nos. 621 and 622 of 2022 were adjourned on 29 September 2023 and listed for 3 November 2023; no disposal on merits stated
• SAT matter SATV-5ED7735F89759128D51A9406
  Matter adjourned on the respondent's request · Appeals listed for 14 July 2023
  Appeal: Appeal Nos. 621 and 622 of 2022; order dated 16 May 2023 adjourned the matters to 14 July 2023
• SAT matter SATV-7076405BFB458CE35D6062DD
  Delay of 37 and 51 days condoned in Appeals 621/2022 and 622/2022 · Respondent to file reply within three weeks
  Appeal: Appeal Nos. 621/2022 and 622/2022 pending before SAT; delay condoned; next hearing December 15, 2022
• SAT matter SATV-82681D3352C74B2890F9DC70
  Order reserved after hearing counsel for parties · Parties to act on digitally signed copy sent by fax and/or email
  Appeal: Appeal No.228 of 2019 and Appeal No.229 of 2019 heard on 30.9.2021 - order reserved
• SAT matter SATV-8EA0004068F74E0793186AA8
  Adjournment granted by consent; matters listed on August 22, 2024
  Appeal: Appeal Nos. 621 of 2022 and 622 of 2022 pending; adjourned on 04.07.2024, no disposal
• SAT matter SATV-8B1C7055B3B3AF46FA31A44E
  List Appeal No.228 of 2019 and Appeal No.229 of 2019 on 25 June 2021 · Parties to contact Registrar 48 hours before fixed date to confirm video conferencing or physical hearing
  Appeal: Appeal No.228 of 2019 and Appeal No.229 of 2019 pending before SAT; adjourned on 5 May 2021 and listed for 25 June 2021
• Tata Finance Ltd found guilty of making false declarations in its letter of offer; SEBI took no action against TFL, Niskalp Investment and Trading Co. and their Boards despite the finding.
  Substitute 'for the reasons best known to SEBI' for 'for extraneous reasons' in paras 10, 14 and 25 of SAT order dated 30 May 2018 · Registry directed to carry out modification in order dated 30 May 2018 immediately
• SAT matter SATV-A8CB3C4E57A92350C20F9E1E
  Delay in filing reply condoned, reply taken on record · Matter adjourned due to non-availability of Bench, listed on 16 May 2023
  Appeal: Appeal No.621 of 2022 with Misc Application No.1718 of 2022 and Appeal No.622 of 2022 with Misc Application No.1719 of 2022 adjourned to 16 May 2023
• SAT matter SATV-B96AE4EFFA440434BAD046C1
  Order reserved after hearing learned counsel for parties at length
  Appeal: Appeal No. 621 of 2022 and Appeal No. 622 of 2022 heard at length on 23.08.2024; order reserved, not disposed
• SAT matter SATV-C2EEAD4C5EB48AE433910552
  Adjourned on request of learned counsel for the appellant · List on May 16, 2024
  Appeal: Appeal No. 621 of 2022 and Appeal No. 622 of 2022 pending before SAT; adjourned, next listing May 16, 2024
• SAT matter SATV-D6B6C4B229D6CA32034A7DF3
  List on January 25, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment of usual charges
  Appeal: Misc. Application No. 1718 of 2022 in Appeal No. 621 of 2022 and Misc. Application No. 1719 of 2022 in Appeal No. 622 of 2022 pending; adjourned to 25 January 2023
• SAT matter SATV-E91E9A33AB7A90409C893D07
  Adjourned on request of respondent · List on July 14, 2023
  Appeal: Appeal No. 621 of 2022 and Appeal No. 622 of 2022 adjourned on 16.05.2023, next listing July 14, 2023
• SAT matter SATV-EE73EEC2049510FC67CA03A1
  Adjournment granted on respondent's request; matters to be called on July 4, 2024 by consent
  Appeal: Appeal No. 621 of 2022 and Appeal No. 622 of 2022 pending; adjourned by SAT order dated 16.05.2024 to July 4, 2024
• SAT matter SATV-E58141767BE71F7735289926
  Adjourned on request of appellant · List matters on 10th August, 2023
• SAT matter SATV-F5BC49BB5DB83D17E1970969
  Three weeks time allowed to appellants to file rejoinder · Matter listed on February 28, 2023
  Appeal: Appeal No. 621 of 2022 with Misc. Application No. 1718 of 2022 and Appeal No. 622 of 2022 with Misc. Application No. 1719 of 2022 pending; adjourned to 28 February 2023 for rejoinder