Rahul Gupta

SAT-appeal

• Preferential and non-transparent access to co-location/P2P connectivity through unauthorized telecom provider Sampark, conferring latency advantage on W2W and GKN and violating fair, equal and unrestricted access obligations.
  SAT heard eight appeals filed by 11 of 17 noticees against the WTM common order dated 30 April 2019. · WTM directions included disgorgement with interest against NSE, W2W and GKN and restraint orders for other noticees.
  Appeal: Appeal Nos. 334, 183, 323, 324, 325, 326, 327 of 2019 and connected matters were heard by SAT; the supplied extract does not state their final disposal.
• SAT matter SATV-3F2E61EFF93E0D40539F6779
  List on June 29, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
  Appeal: Misc. Application No. 220 of 2021 and Appeal No. 120 of 2021 pending before SAT, next listed June 29, 2021
• Alleged discriminatory and non-transparent P2P connectivity practices at NSE, including permitting unauthorized Sampark dark-fibre connectivity that gave W2W and GKN an unfair latency advantage.
  Appeals challenged the WTM common order dated 30 April 2019 issuing disgorgement, interest and restraint directions. · SAT heard the connected appeals and considered each appellant's case separately.
  Appeal: Appeal Nos. 334 of 2019, 183 of 2019, 323 of 2019, 324 of 2019, 325 of 2019, 326 of 2019 and 327 of 2019; hearing on 23 February 2023; decision dated 9 August 2023.
• SAT matter SATV-C2F078A21EED42E1DA8856C8
  List Appeal No. 120 of 2021 on August 27, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
  Appeal: Appeal No. 120 of 2021 (Rahul Gupta vs SEBI) heard 29.06.2021, adjourned to 27.08.2021, not disposed
• Alleged manipulative trading where appellant as buyer traded against seller sell orders placed above LTP and prior in time; only buyer proceeded against.
  Delay in filing appeal condoned; Misc. Application No. 220 of 2021 allowed · Respondent to file reply and appellant to file rejoinder; matter listed for admission and final disposal
  Appeal: Misc. Application No. 220 of 2021 and Appeal No. 120 of 2021 (Rahul Gupta vs SEBI); delay condoned on 09.03.2021, pending, next date 30.04.2021
• Preferential and non-transparent access to NSE colocation/P2P connectivity, including unauthorized Sampark dark-fibre connectivity, allegedly conferring latency advantages on W2W and GKN.
  Appeals challenged the common WTM order dated 30 April 2019 issuing disgorgement, interest and restraint directions. · Order text provided ends while setting out the findings against NSE; final SAT disposition is not included.
  Appeal: Appeal Nos. 334 of 2019, 183 of 2019, 323 of 2019, 324 of 2019, 325 of 2019, 326 of 2019, 327 of 2019 and 337 of 2019; hearing 23 February 2023; decision dated 9 August 2023. Disposition not present in supplied text.
• Repeated small-quantity buy orders above LTP contributing 28.64% positive LTP, alleged manipulation violating PFUTP Regulations.
  Appeal dismissed, AO order upheld with no interference · No order as to costs
  Appeal: Appeal No. 120 of 2021 dismissed on 06.01.2022, AO penalty confirmed
• SAT matter SATV-F706859854DE4BE085F49684
  List appeal on January 6, 2022 · Parties to take instructions from Registrar 48 hrs before fixed date on mode of hearing
  Appeal: Appeal No. 120 of 2021 pending; adjourned and listed on January 6, 2022
• SAT matter SATV-F29730A3E6D6F13D39AA3731
  List Appeal No. 120 of 2021 on October 27, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on VC vs physical hearing
  Appeal: Appeal No. 120 of 2021 pending, adjourned to October 27, 2021 vide order dated 27.08.2021