Respondent No. 2 (name not stated)

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

SEBI to place auction proceeds of Rs 1,69,90,220 in interest-bearing account; succeeding party entitled to receive same

SAT-appeal

Priority conflict whether Section 26E of SARFAESI Act prevails over Section 28A(3) of SEBI Act for recovery/auction proceeds.
SEBI to place auction proceeds of Rs 1,69,90,220 in interest-bearing account; succeeding party entitled to receive same · Respondent No. 2 shall not create any third-party right over secured asset / auctioned property
Appeal: Appeal No. 469 of 2023 pending before SAT; adjourned on 14.10.2025 for 6 months, next date April 06, 2026
SAT matter SATV-A98F0DCD3CD24C1B54573D1E
Respondent No. 2 granted time to file reply as last chance · Matter to be called on October 09, 2025
Appeal: Appeal No. 255 of 2025 with Misc. Application No. 574 of 2025 and Misc. Application No. 575 of 2025 pending; adjourned to October 09, 2025

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Source: SecMarx — Respondent No. 2 (name not stated). 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.