Sanjay Gupta, Sangeeta Gupta, Om Prakash Gupta
Penalties and directions recorded
- SAT Jan 23, 2023 set aside Rs.624.89 cr disgorgement vs NSE with 12% interest
- SAT directed NSE to deposit Rs.100 cr to IPEF adjustable against interim deposits
SAT-appeal
- Colocation scam: NSE TCP/IP TBT architecture allegedly gave preferential access to OPG/ select TMs via early login, secondary servers and crowded ports; fraud, collusion and failure of fair access.SAT Jan 23, 2023 set aside Rs.624.89 cr disgorgement vs NSE with 12% interest · SAT affirmed 6-month market prohibition vs NSE and frequent system audit direction
- Co-location scam: NSE gave preferential TBT data-feed access to OPG via TCP-IP gaps, secondary servers and crowded ports, colluding in fraudulent and unfair trade practices.
- Colocation scam - NSE allegedly gave preferential TBT tick-by-tick access via TCP/IP architecture, secondary servers and crowded ports to OPG, facilitating fraud and unfair trade.
Source: SecMarx — Sanjay Gupta, Sangeeta Gupta, Om Prakash Gupta. 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.