Mr. Prashant Boorugu

27 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Bank and demat accounts to be defreezed within 48 hours on deposit of 50% of impugned order amount
Appellant to deposit 50% of penalty amount, adjusting Rs. 10 lakh already with SEBI
On deposit, balance penalty amount shall not be recovered; urgency application disposed
Penalty reduced from Rs 25 lakhs to Rs 10 lakhs

SAT-appeal

SAT matter SATV-031DBB1B02E29C132673880A
Appeal adjourned by consent; matter to be listed on January 28, 2025
Appeal: Appeal No. 986 of 2023; on November 21, 2024, the appellant sought time and the appeal was adjourned by consent to January 28, 2025
SAT matter SATV-1D4649579151CF8A34790593
Three weeks' time allowed to the appellant to file rejoinder · Matter listed for admission on 13 January 2023
Appeal: Misc. Application No. 1420 of 2022 in Appeal No. 933 of 2022; order dated 19 December 2022; rejoinder time granted and matter adjourned for admission
SAT matter SATV-49652FD81D0391B231748279
List for admission on January 5, 2024
Appeal: Misc. Application No. 1680 of 2023 and Appeal Lodging No. 892 of 2023 listed for admission on January 5, 2024
SAT matter SATV-52E558B195968513993EEEBA
Adjourned due to non-availability of bench; listed on July 1, 2024
Appeal: Appeal No. 986 of 2023 pending; adjourned on 24.04.2024, next listed July 1, 2024
SAT matter SATV-55614CE53101675D25B97839
Heard in part; further hearing fixed for 04.08.2025
Appeal: Appeal No. 986 of 2023 heard in part on 28.07.2025; next hearing on 04.08.2025
SAT matter SATV-495C874C37F33DA689ECC005
Call on July 23, 2025 by consent
Appeal: Appeal No. 986 of 2023 pending; adjourned to July 23, 2025
SAT matter SATV-5F740AFB42C21C823798F051
Adjourned by consent; matter to be called on August 14, 2024
Appeal: Appeal No. 986 of 2023 pending before SAT; adjourned to August 14, 2024
SAT matter SATV-6EF3836E6E9DB3A37B0BABD2
Order dated April 21, 2023 recalled; Misc. Application No. 617 of 2023 allowed and Appeal No. 933 of 2022 restored · List appeal for admission and final disposal on August 2, 2023
Appeal: Misc. Application No. 617 of 2023 in Appeal No. 933 of 2022 allowed on 13.06.2023; appeal restored and listed for admission on 02.08.2023
SAT matter SATV-6AA4B0B68A8DA80444178087
Adjournment granted at respondent's request, matter to be called on June 23, 2025 at 2:30 p.m. by consent
Appeal: Appeal No. 986 of 2023 pending before SAT; adjourned by order dated 24.03.2025 to 23.06.2025
SAT matter SATV-8795CF3A3EDE92A8E3AC0F01
Order reserved after hearing · Parties at liberty to file written submissions after exchanging among themselves
Appeal: Appeal No. 986 of 2023 heard on 04.08.2025, order reserved
SAT matter SATV-7B1817A9E084128BC86FA2B9
By consent, matter to be called on July 28, 2025
Appeal: Appeal No. 986 of 2023 pending before SAT, adjourned to July 28, 2025
SAT matter SATV-8B45209784CE060BCFA8F096
Appeal No. 933 of 2022 dismissed for want of prosecution as no one appeared to press appeal
Appeal: Appeal No. 933 of 2022 with Misc. Application No. 1420 of 2022 dismissed for want of prosecution on 21.04.2023
SAT matter SATV-9D712DBDA9EFA04E27BA40ED
Adjourned by consent, matter to be called on March 24, 2025
Appeal: Appeal No. 986 of 2023 pending before SAT; adjourned on 28.01.2025 to March 24, 2025
SAT matter SATV-A0D766DD94AAC0579E8F4A35
List Appeal No. 986 of 2023 for final disposal on February 16, 2024 · Respondent SEBI may file reply within three weeks
Appeal: Appeal No. 986 of 2023 with Misc. Application No. 1680 of 2023 pending; urgency application disposed on 05 January 2024, listed for final disposal on 16 February 2024
SAT matter SATV-AD0AD07A5F1EED46607EB789
Matter adjourned due to non-availability of the Bench · List on 3rd February, 2023
Appeal: Appeal No.933 of 2022 with Misc. Application No.1420 of 2022 pending; adjourned to 3rd February, 2023
SAT matter SATV-B3D5FC5C094E7C551D8EDD9F
List the matter on April 21, 2023 · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal No. 933 of 2022 with Misc. Application No. 1420 of 2022 pending before SAT, heard on 23.02.2023, adjourned to 21.04.2023
Claim for benefit/exemption under Regulation 10 of SAST Regulations; underlying violation not detailed in this procedural order
Delay condoned and Misc. Application No. 1420 of 2022 allowed · Plea of ex-parte order/no opportunity rejected; SCN held served via email
Appeal: Appeal No. 933 of 2022 against order dated 27 July 2022 pending; delay condoned via Misc. Application No. 1420 of 2022; next date 19 December 2022
SAT matter SATV-DA69F8D6324CC2BC4DC599EF
Adjourned due to non-availability of bench · List on April 24, 2024
Appeal: Appeal No. 986 of 2023 adjourned due to non-availability of bench, listed on April 24, 2024
SAT matter SATV-FA500A3509982EF009A20541
Adjourned due to non-availability of bench · Listed on July 1, 2024
Appeal: Appeal No. 986 of 2023 adjourned on 24.04.2024; next listing July 1, 2024
SAT matter SATV-71116D9A19A30F929CB7731E
Matter adjourned due to non-availability of the bench · List the matter on 02 February 2023
Appeal: Appeal No. 933 of 2022 was adjourned on 01 February 2023 and listed for 02 February 2023; no disposal on merits mentioned.
SAT matter SATV-7FFDD849D4CA0A89926D7499
Matter adjourned by consent to 21 November 2024
Appeal: Appeal No. 986 of 2023; order dated 16 October 2024; adjourned to 21 November 2024
Acquired 1,62,60,304 Metkore shares raising holding from 4.26% to 27.35% crossing 25% threshold without making open offer under Regulation 3(3) SAST.
Findings of AO order dated September 27, 2023 upheld · Penalty reduced from Rs 25 lakhs to Rs 10 lakhs
Appeal: Appeal No.986 of 2023 against AO order dated September 27, 2023 partly allowed on October 30, 2025; penalty reduced to Rs 10 lakhs
SAT matter SATV-9ADD65C6907C1239885ACD58
Adjourned and listed for hearing on October 16, 2024 at appellant's request
Appeal: Appeal No. 989 of 2023 pending; adjourned to October 16, 2024 on appellant's request
SAT matter SATV-AF805E8CAD7BBD78C2B416DB
Heard in part and listed for further hearing on 3 August 2023 · Parties directed to act on digitally signed copy signed by Private Secretary on behalf of bench
Appeal: Appeal No. 933 of 2022 heard in part on 02.08.2023 and adjourned to 03.08.2023
SAT matter SATV-B19D05580CCD9F531B6AFABF
Listed for admission and for final disposal on 23 February 2023 · Written submissions may be filed in the meanwhile
Appeal: Appeal No.933 of 2022 with Misc. Application No.1420 of 2022 pending before SAT; affidavits exchanged
Failure to make open offer under Regulation 3(3) after receiving 1,62,60,304 shares increasing holding from 4.26% to 27.35% on July 02, 2015.
SAT matter SATV-F6E09E38073013FCE51A2721
Restoration application to be placed on June 13, 2023 · Order to be digitally signed by Private Secretary on behalf of bench; parties to act on it; certified copy from Registry on payment
Appeal: Misc. Application No. 617 of 2023 (restoration application) in Appeal No. 933 of 2022 pending; order dated 17.05.2023 listing matter on June 13, 2023

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Source: SecMarx — Mr. Prashant Boorugu. 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.