Salute Advisory LLP

8 matters before the Securities Appellate Tribunal

Penalties and directions recorded

List matters on August 26, 2020
If settlement not accepted, matters will be heard on merits on next date
Parties to take instructions from Registrar 48 hours before fixed date on hearing mode
If settlement not accepted, matters to be heard on merits on next date
Parties to take instructions from Registrar 48 hrs before fixed date on VC/physical mode

SAT-appeal

Alleged violations in illiquid securities matters resulting in penalty (specific charge not detailed in this procedural order)
Connect with Appeal No. 25 of 2019 R S Ispat Ltd vs SEBI · List matters on August 26, 2020
Appeal: Appeal Lodging Nos. 204, 205, 207, 213, 214, 225 of 2020 pending; adjourned to August 26, 2020
SAT matter SATV-41A338775AFCAF46E542EADF
Appeal No. 213 of 2020 dismissed as not pressed · Appellant permitted to pay the settlement amount under the Settlement Scheme within the stipulated period
Appeal: Appeal No. 213 of 2020 dismissed as not pressed on 26 August 2020
Alleged violations relating to trading in illiquid securities leading to SEBI penalty orders; specifics not detailed in this procedural order
Connected with Appeal No. 25 of 2019 (R S Ispat Ltd vs SEBI) · Adjourned; listed on August 26, 2020 for further hearing
Appeal: Appeal Lodging Nos. 204, 205, 207, 213, 214 and 225 of 2020 adjourned; listed on 26 August 2020 for settlement affidavit/merits hearing
SAT matter SATV-87369CDA923F882CE0B10263
Respondent SEBI allowed ten days to file reply · Appellant allowed one week thereafter to file rejoinder
Appeal: Appeal Lodging No. 205 of 2020 by Salute Advisory LLP vs SEBI pending; reply/rejoinder stage, listed on 11 August 2020
Illiquid securities matters involving penalty / violation of law proposed to be covered by SEBI settlement scheme (specific charge not detailed)
Connect these appeals with Appeal No. 25 of 2019 R S Ispat Ltd vs SEBI · List all matters on August 26, 2020 for further hearing
Appeal: Appeal Lodging Nos. 204, 205, 207, 213, 214 and 225 of 2020 pending before SAT; adjourned to 26.08.2020 for affidavit/hearing; connected with Appeal No. 25 of 2019
Alleged violations in illiquid securities matters leading to penalties under impugned SEBI orders, now sought to be covered under settlement scheme.
Connected with Appeal No. 25 of 2019 R S Ispat Limited Vs SEBI · Adjourned and listed on August 26, 2020 to enable instructions on settlement
Appeal: Appeal Lodging Nos. 204, 205, 207, 213, 214 and 225 of 2020 pending before SAT; adjourned to August 26, 2020 and connected with Appeal No. 25 of 2019
Alleged violations relating to trading in illiquid scrips/securities; specifics not stated in this procedural order.
Connected with Appeal No. 25 of 2019 - R S Ispat Limited vs SEBI · Matters adjourned and listed on August 26, 2020
Appeal: Appeal Lodging Nos. 204, 205, 207, 213, 214 and 225 of 2020 pending before SAT; adjourned to August 26, 2020; connected with Appeal No. 25 of 2019
Alleged violations involving trading in illiquid securities leading to penalty (specific charges not detailed in order)
Connected with Appeal No. 25 of 2019 R S Ispat Ltd vs SEBI and listed on August 26, 2020 · Adjourned to enable appellants to seek instructions on settlement scheme dated August 1, 2020

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Source: SecMarx — Salute Advisory LLP. 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.