Sanjay Dwivedi

SAT-appeal

• SAT matter SATV-0CB50A19E6FE2978B0481077
  Matter adjourned; listed on 25 March 2026 at 2:30 P.M.
  Appeal: Appeal No. 711 of 2024, along with Miscellaneous Application Nos. 716 and 178 of 2025; adjourned on 25 February 2026 and listed for 25 March 2026.
• Noticee No. 1 was alleged to have advised clients and ensured assured returns. The underlying SEBI order imposed aggregate penalties on the company, promoters and directors.
  Delay of 26 days in filing the appeal condoned · Miscellaneous Application No. 1309 of 2024 allowed
  Appeal: Appeal No. 711 of 2024 admitted on 13 February 2025 after condonation of 26 days' delay; reply and rejoinder directions issued; listed for 16 June 2025
• SAT matter SATV-14888C0CBF7230B95E196E87
  SEBI granted three weeks to file its reply on the delay in filing the appeal · Exemption application allowed
  Appeal: Appeal No. 711 of 2024, with Misc. Applications Nos. 1309 and 1310 of 2024; order dated 20 December 2024 granted SEBI three weeks to reply on delay and listed the matter on 7 February 2025
• SAT matter SATV-10AD9C187C0857C0543B73BC
  Matter adjourned by consent to 13 August 2025 because SEBI's arguing counsel was unwell
  Appeal: Appeal No. 711 of 2024 was pending; hearing adjourned on 16 July 2025 to 13 August 2025
• SAT matter SATV-2B838014E86BBE91BD33806D
  Matter listed for hearing on 25 February 2026
  Appeal: Appeal No. 711 of 2024, with Miscellaneous Application Nos. 716 and 178 of 2025; listed on 12 December 2025 for 25 February 2026
• Failure to redress 17 SCORES complaints pending over 6 months, non-production for inspection, non-intimation of address/director changes, alleged mis-selling with assured returns and fraud.
  Appeal partly allowed; violations of Regulation 13(b) and 21 of IA Regulations upheld · Charges under Regulation 25(1) IA and Regulations 3(d), 4(2)(s) PFUTP held not proved
  Appeal: Appeal No. 363 of 2023 against AO order dated 10 Jan 2023 - partly allowed on 28 Apr 2023
• SAT matter SATV-9DE8488E5F20E75EB4443C56
  By consent, matter to be called on June 9, 2026
  Appeal: Appeal No. 711 of 2024 with Misc. Application No. 716 of 2025 and Misc. Application No. 178 of 2025 pending, adjourned by consent to June 9, 2026
• SAT matter SATV-8BE4C55C5FF753E4650ED275
  Order reserved after hearing parties
  Appeal: Appeal No. 711 of 2024 with Misc. Application No. 178 of 2025 and Misc. Application No. 716 of 2025 - heard and order reserved on 09.06.2026
• Failure to redress 17 SCORES complaints alleging false assurances/assured returns, failure to furnish inspection documents and inform change of office/directors, fraud under PFUTP.
  Penalty under Section 15A(a) and 15HA against Sanjay held unsustainable following Piyush Sharma ruling · Sanjay held liable under Section 15C and 15EB; penalty fixed at Rs 5 lakh under 15C plus Rs 3 lakh under 15EB