Shri Rakesh Bhatia

SAT-appeal

• SAT matter SATV-0888D507C721AC71D27A8AA0
  Misc. Applications Nos. 499 and 500 of 2020 were allowed. · Misc. Application No. 498 of 2020 was allowed.
  Appeal: Appeal Nos. 288, 305 and 325 of 2020 were pending before SAT; matters listed for 14 December 2020.
• SAT matter SATV-0F48A55492BEF0F0332B8B73
  List Appeal Nos. 288, 305 and 325 of 2020 on 13 January 2021 · NSE shall file a short affidavit in the meanwhile
  Appeal: Appeal Nos. 288, 305 and 325 of 2020 were listed for further hearing on 13 January 2021; no disposal on merits stated
• SAT matter SATV-1065C7F545F5D01A689E3428
  Order reserved; parties directed to act on the digitally signed copy of the order. · Parties may act on production of the digitally signed copy sent by fax and/or email.
  Appeal: Appeal Nos. 288, 305 and 325 of 2020 were heard together; order reserved on 13 January 2021.
• SAT matter SATV-1688F65CE623030CC3ADF916
  NSE to take instructions regarding its 18 November 2020 Standard Operating Procedure · SEBI to file the Section 11 and 11B order against Anugrah Stock & Broking Pvt. Ltd. on the next date
  Appeal: Appeal Nos. 288, 305 and 325 of 2020 were heard by SAT on 14 December 2020 and listed for 28 December 2020; no final disposal recorded
• SAT matter SATV-1FC49168108DF922E7536DF3
  Order reserved; no operative merits directions recorded in the extracted text · Parties directed to act on the digitally signed copy of the order
  Appeal: Appeal Nos. 288 of 2020, 305 of 2020 and 325 of 2020 heard by SAT; order reserved on 13 January 2021
• SAT matter SATV-2AA67F7510EB3739D49ED35A
  Matters listed for hearing on 13 January 2021 · NSE directed to file a short affidavit in the meanwhile
  Appeal: Appeal Nos. 288 of 2020, 305 of 2020 and 325 of 2020 were listed and adjourned to 13 January 2021; no disposal on merits stated.
• SAT matter SATV-3268B1B6FA0B175629D34E08
  Miscellaneous Application No. 716 of 2022 seeking clarification/correction of the review order was dismissed summarily as not maintainable
  Appeal: Appeal No. 481 of 2016 was dismissed on 25 June 2019; the Supreme Court dismissed the resulting Civil Appeal on 16 September 2019. Review Application No. 32 of 2019 was dismissed on 23 February 2021, and the Supreme Court dismissed the appeal against it on 4 March 2022.
• Broker Anugrah defaulted in payments under Member Client Agreement and remained unresponsive; NSE failed to constitute IGRP on complaints dated 12 August 2020.
  Prayer to direct NSE to refer complaints to IGRP refused under 01 July 2020 circular · Appeals disposed with direction to appellants to file claims under NSE bye-laws per notice dated 28 November 2020
  Appeal: Appeal Nos. 288 of 2020, 305 of 2020 and 325 of 2020 disposed together on 19.01.2021, reserved on 13.01.2021
• SAT matter SATV-3FB79D205A58001BF08C9872
  Appeals permitted to be withdrawn with liberty to file fresh appeals on or before November 18, 2016 · All contentions of both sides kept open
  Appeal: Appeal No. 373 of 2014 and Appeal No. 440 of 2014 with Misc. Application 205 of 2014 disposed on 08.09.2016 as withdrawn with liberty to refile by 18.11.2016
• Misstatements/suppression in RHP/prospectus and diversion/mis-utilisation of IPO proceeds; 67.6% funds not used for stated objects with undisclosed vendor advances and property deal.
  SAT upholds AO findings on IPO fund mis-utilisation and misleading RHP statements - no interference · SAT confirms non-disclosure of pre-RHP vendor payments was material - AO finding confirmed
  Appeal: Appeal No.481 of 2016 against AO order dated 17 April 2014; reserved 10.4.2019, decided 25.6.2019
• SAT matter SATV-9A6C32EAD9D7C5BDF6FBD415
  Delay of 30 days in filing Appeal No. 279 of 2014 condoned · Appeal No. 279 of 2014 allowed to be withdrawn with liberty to file fresh appeal
  Appeal: Appeal No. 279 of 2014 withdrawn on 18.09.2014 with liberty to file fresh within two weeks; Misc. Application No.128 of 2014 for 30 days delay disposed as condoned
• SAT matter SATV-6001D857E0BC707BB91F82BA
  Appeals disposed of; relief directing NSE to refer complaints to IGRP was not granted. · Appellants directed to file claims under NSE bye-laws pursuant to the 28 November 2020 notice within the stipulated period.
  Appeal: Appeal Nos. 288, 305 and 325 of 2020 disposed of by SAT on 19 January 2021
• SAT matter SATV-60CD6B03E93D1E57550DC95C
  Appellants directed to file an amendment application bringing on record NSE's order disposing of their complaint. · Appellants directed to file an impleadment application to implead SEBI and Anugrah Stock & Broking Pvt. Ltd.
  Appeal: Appeal Nos. 288, 305 and 325 of 2020 were heard; procedural directions issued and matters listed for 23 November 2020.
• SAT matter SATV-76A75932620A8217A428088F
  Urgency application allowed · Respondent granted two weeks to file affidavit-in-reply
  Appeal: Appeal No. 288 of 2020; interim procedural order dated 25 September 2020; final hearing listed for 10 November 2020
• SAT matter SATV-4B94779FE2061272916F5595
  Review Application No.32 of 2019 dismissed · Misc. Application No.674 of 2019 disposed of accordingly
  Appeal: Appeal filed before Supreme Court against SAT order dismissed on 16 September 2019
• SAT matter SATV-B8491459036A825CC36A1DC1
  Appeals permitted to be withdrawn with liberty to file fresh appeals · Fresh appeals may be filed on or before November 18, 2016 with adjustment of court fees paid
  Appeal: Appeal No. 373 of 2014 and Appeal No. 440 of 2014 with Misc. Application No. 205 of 2014 disposed on 08.09.2016 as withdrawn with liberty to refile
• Broker Anugrah allegedly defaulted in payments under Member Client Agreement from 9 Aug 2020; NSE allegedly failed to constitute IGRP on 12 Aug 2020 complaint
  Prayer to direct NSE to refer complaints to IGRP rejected per SEBI SOP circular 1 July 2020 · Appellants to file claims under NSE bye-laws pursuant to 28 Nov 2020 notice within stipulated period for decision per law
  Appeal: Appeal Nos. 288, 305 and 325 of 2020 disposed of by SAT order dated 19.01.2021 (reserved 13.01.2021)
• SAT matter SATV-E245851D81BB26747055AB96
  Appeal No. 482 of 2016 disposed of as infructuous · Findings in WTM order dated August 8, 2014 not to be treated as upheld by Tribunal
  Appeal: Appeal No. 482 of 2016 disposed of as infructuous on 20.11.2017 with no order as to costs