Prabhakara Naig

14 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Matters to be called on 05.08.2025 by consent
Permitted appellants to obtain shareholders resolution with clear mention in agenda and resolution that SEBI debarment in force till 22 October 2025
Exchanges and Depositories shall not alter appellant's current fit and proper status based on impugned order until further orders
Recovery of penalty under para 90.3 qua appellant stayed subject to deposit of 50% of penalty
Appellants permitted to obtain shareholders' resolutions.

SAT-appeal

SAT matter SATV-6B02B4C247278FDE01B5498B
Call / listed on 08.08.2025
Appeal: Misc. Application No. 700 of 2025 in Appeal No. 184 of 2025 and Misc. Application No. 782 of 2025 in Appeal No. 285 of 2025 pending; next date 08.08.2025
SAT matter SATV-8917078590C46BAD9CB8944A
Respondent granted two weeks time to file reply affidavit to Misc. Applications · Matters to be called on 05.08.2025 by consent
Appeal: Appeal No. 184 of 2025 with Misc. Application No. 700 of 2025 and Appeal No. 285 of 2025 with Misc. Application No. 782 of 2025 pending; next hearing on 05.08.2025
SAT matter SATV-8984774DF82B55DC70DE6380
Permitted appellants to obtain shareholders resolution with clear mention in agenda and resolution that SEBI debarment in force till 22 October 2025 · Rejected prayer to submit applications/requests to SEBI and Stock Exchanges for share-swap and preferential/rights issue permissions before debarment expiry
Appeal: Misc. Application No.700 of 2025 in Appeal No.184 of 2025 and Misc. Application No.782 of 2025 in Appeal No.285 of 2025 disposed of on 11.08.2025; main Appeal Nos.184 and 285 of 2025 pending, next listed 10.10.2025
Impugned SEBI order (paras 90.1-90.3) restrained appellant from securities market and imposed penalty; 'fit and proper' status in issue
Exchanges and Depositories shall not alter appellant's current fit and proper status based on impugned order until further orders · Interim relief regarding stay of paras 90.1 and 90.2 restraining appellant from accessing securities market as in Appeal No. 184 of 2025
Appeal: Appeal No. 285 of 2025 admitted on 13.06.2025; interim relief granted; pending, next date September 29, 2025
SAT matter SATV-AC10BCC16A0BF6C6ED8347B0
Matter not on board; urgent listing sought via praecipe · Misc. Application No. 782 of 2025 in Appeal No. 285 of 2025 to be called on 10.07.2025
Appeal: Misc. Application No. 782 of 2025 in Appeal No. 285 of 2025 pending; next listing 10.07.2025 vide order dated 08.07.2025
SAT matter SATV-C88D1725716A6351A9266E8B
Call on 09.09.2026
Appeal: Appeal Nos. 184 of 2025, 284 of 2025, 285 of 2025 with Misc. Application No. 1140 of 2025 pending before SAT, next listed on 09.09.2026
SAT matter SATV-D8C559F524268C63108BF7D1
Matter adjourned by consent and listed on January 15, 2026
Appeal: Appeal No. 184 of 2025 with Misc. Application No. 1140 of 2025 and Appeal No. 285 of 2025 pending; adjourned to January 15, 2026 by order dated 10.10.2025
SAT matter SATV-F8F40B32B1FBAC58884C4F35
Adjourned by consent; matter to be called on July 21, 2025
Appeal: Appeal No. 184 of 2025 with Misc. Application No. 700 of 2025 and Appeal No. 285 of 2025 with Misc. Application No. 782 of 2025 pending; adjourned to July 21, 2025
SAT matter SATV-EFA19A24D1771331947F6C79
Matter adjourned by consent; to be called on April 8, 2026
Appeal: Appeal No. 184 of 2025 with Misc. Application No. 1140 of 2025 and Appeal No. 285 of 2025 pending before SAT; adjourned to April 8, 2026
SAT matter SATV-FC646E7C82CEC80192F00E77
Matter adjourned by consent and listed for hearing on April 8, 2026
Appeal: Appeal No. 184 of 2025 with Misc. Application No. 1140 of 2025 and Appeal No. 285 of 2025 pending before SAT; adjourned to April 8, 2026 with no disposal on merits
Not specified; the applications concerned exceptions to SEBI debarment directions, including a proposed share swap and preferential/rights issues.
Appellants permitted to obtain shareholders' resolutions. · Agenda and resolutions must clearly state that SEBI's debarment remains in force until 22 October 2025.
Appeal: Misc. Application No. 700 of 2025 in Appeal No. 184 of 2025 and Misc. Application No. 782 of 2025 in Appeal No. 285 of 2025 disposed of on 11 August 2025.
SAT matter SATV-7CBB2C564607691CFBCA1F84
Call on 11.08.2025 as prayed for
Appeal: Misc. Application No. 700 of 2025 in Appeal No. 184 of 2025 and Misc. Application No. 782 of 2025 in Appeal No. 285 of 2025 adjourned to 11.08.2025 vide order dated 08.08.2025
SAT matter SATV-B46F39FEA0A63B177BA30441
Matter adjourned at appellants' request and listed for hearing on July 8, 2026
Appeal: Appeal No. 184 of 2025 with Misc. Application No. 1140 of 2025 and Appeal No. 285 of 2025 pending before SAT; adjourned to July 8, 2026 on appellants' request for time
Prima facie related party transactions including with subsidiaries between FY 2017-18 and FY 2022-23 in breach of LODR and statutory provisions
Sustained interim direction at paragraph 124(a) of WTM order dated 21.10.2024 · Modified para 124(b): Appellant Nos.2-3 restrained as Director/KMP only in Appellant No.1, not in other or subsidiary companies
Appeal: Appeal No. 653 of 2024 under Section 15T disposed of by SAT final order dated 25.11.2024

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Source: SecMarx — Prabhakara Naig. 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.