Rajeev Praful Shah

SAT-appeal

• SAT matter SATV-2128C5E9CDFC9741D6CE3A08
  Respondent's adjournment request was allowed as a last chance. · Matter stood over to 12 October 2022.
  Appeal: Appeal No. 417 of 2022; order dated 22 August 2022; adjourned to 12 October 2022
• Claims for compensation from NSE's Investor Protection Fund were rejected because payouts received from broker Anugrah appeared to be assured/fixed returns rather than proceeds from exchange trades.
  Appeal No. 197 of 2023 dismissed · Appeal No. 198 of 2023 dismissed
  Appeal: Appeal Nos. 197 and 198 of 2023 dismissed by SAT on 14 February 2023; prior Appeal No. 418 of 2022 had allowed remand for a reasoned fresh order.
• IPF claims rejected on ground appellants were not genuine investors but availed Derivatives Advisory Services / assured return on investment from broker Anugrah.
  Impugned NSE communications set aside · Matter remanded to NSE for fresh reasoned decision
  Appeal: Appeal Nos. 417 and 418 of 2022 disposed on 12.10.2022 by common order setting aside impugned orders and remanding for fresh decision
• NSE alleged appellants were not genuine securities investors but availed Derivatives Advisory Services / assured return on investment arrangement, hence ineligible for Investor Protection Fund compensation.
  Impugned NSE communications set aside · Matter remanded to NSE for fresh decision in light of observations
  Appeal: Appeal Nos. 417 and 418 of 2022 decided on 12.10.2022 - impugned NSE orders set aside and remanded for fresh decision
• IPF compensation claim after broker Anugrah default rejected as ineligible; monthly payouts held to be assured fixed returns, not exchange-executed trades.
  Both appeals Nos. 197-198 of 2023 dismissed, NSE Committee rejections upheld · No order as to costs; Misc. Applications 154-155 of 2023 disposed of
  Appeal: Appeal Nos. 197 and 198 of 2023 with Misc. Apps 154-155/2023 dismissed on 14.02.2023; prior Appeal 418/2022 allowed and remanded
• SAT matter SATV-7AD14BCD6C65BAF4407D0A27
  Delay in filing Appeal No. 417 of 2022 and Appeal No. 418 of 2022 condoned · Miscellaneous applications for delay and exemption allowed
  Appeal: Appeal No. 417 of 2022 and Appeal No. 418 of 2022 pending before SAT; delay condoned on 27.07.2022, listed for admission on 22.08.2022