Subhash Chand Bithal

2 matters before the Securities Appellate Tribunal

Penalties and directions recorded

NSE communication dated 30 June 2017 upheld limiting IPF payout to Rs 15 lakh

SAT-appeal

SAT matter SATV-2A95E4CEFE36BE9911EF02B7
Appeal allowed to be withdrawn with liberty to file fresh appeal · Appeal disposed of with no order as to costs
Appeal: Appeal No. 284 of 2017 disposed on 06.11.2017 as withdrawn with liberty to file fresh appeal
Appellant alleged NSE failed to monitor broker Kassa Finvest Pvt Ltd and must pay full admissible claim of Rs 1.7 cr, not just IPF cap.
NSE communication dated 30 June 2017 upheld limiting IPF payout to Rs 15 lakh · Appeal dismissed with no order as to costs
Appeal: Appeal No. 357 of 2017 dismissed by SAT on 04/01/2018

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Source: SecMarx — Subhash Chand Bithal. 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.