Sukumar Subramanian

65 matters before the Securities Appellate Tribunal

Penalties and directions recorded

Matters listed for 17 June 2022
Parties to obtain instructions from the Registrar 48 hours before the scheduled date regarding video conference or physical hearing
Parties to take instructions from the Registrar 48 hours before the hearing regarding video conference or physical hearing
Parties directed to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
Parties to obtain Registrar's instructions 48 hours before the hearing regarding video conference or physical hearing

SAT-appeal

SAT matter SATV-03E40AF1224872A7B36C1CEF
Amendment applications were allowed. · Appellants directed to make necessary corrections in the appeal memoranda within one week.
Appeal: Appeal Nos. 43, 51 and 89 of 2020 were pending; amendment applications were allowed and the appeals were listed for final hearing.
SAT matter SATV-04E5FE647A7C657E57BC39BE
Entire group of appeals adjourned · Stand over to 19 April 2022 for final hearing and disposal
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 were adjourned on 31 March 2022; listed for final hearing and disposal on 19 April 2022
SAT matter SATV-08900213522E8312036B2C82
Appeal No. 43 of 2020, Appeal No. 51 of 2020 and Appeal No. 89 of 2020 adjourned at the appellants' request · Matters listed for 17 June 2022
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 were pending and adjourned on 12 May 2022 to 17 June 2022
SAT matter SATV-1199E9F198A65BF528B57D25
List Appeal No. 43 of 2020, Appeal No. 51 of 2020 and Appeal No. 89 of 2020 on 14 January 2022 · Parties to obtain instructions from the Registrar 48 hours before the scheduled date regarding video conference or physical hearing
Appeal: Appeals Nos. 43 of 2020, 51 of 2020 and 89 of 2020 were listed for further hearing on 14 January 2022; no disposal on merits stated
SAT matter SATV-1382EFCB6B56AD7B6895F59B
Appeals listed for 16 December 2020 · Parties to take instructions from the Registrar 48 hours before the hearing regarding video conference or physical hearing
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 were pending and listed for 16 December 2020; no disposal on merits
SAT matter SATV-1B7516E54D059FB619E717FD
Appeals listed for hearing on 19 April 2021 · Parties directed to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
Appeal: Appeal Nos. 43 of 2020, 51 of 2020, 89 of 2020, 513 of 2020 and 514 of 2020 were listed for hearing on 19 April 2021; no disposal on merits recorded
SAT matter SATV-20B7DBECF7166482149BEE17
Appeals adjourned for the day · Listed on 30 September 2022 for admission
Appeal: Appeal Nos. 616, 617 and 618 of 2022; order dated 28 September 2022; adjourned and listed for admission on 30 September 2022
Non-compliance with directions issued by the Whole Time Member under Section 11B of the SEBI Act.
Impugned AO order dated 28 June 2022 set aside · Appeals 616, 617 and 618 of 2022 allowed
Appeal: Appeal Nos. 616, 617 and 618 of 2022 allowed and disposed of on 30 September 2022.
SAT matter SATV-20CA0D37DBF58EC3C71628D3
List Appeals Nos. 43, 51, 89, 513 and 514 of 2020 on 19 April 2021 · Parties to obtain Registrar's instructions 48 hours before the hearing regarding video conference or physical hearing
Appeal: Appeal Nos. 43, 51, 89, 513 and 514 of 2020 were adjourned and listed for 19 April 2021; no disposal on merits
SAT matter SATV-1ADDF6F1ECEED6F8BC7AD8FC
Appeal No. 89 of 2020 was adjourned and all connected matters were listed on May 12, 2022
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 were pending; listed for further hearing on 12 May 2022
SAT matter SATV-2ED4A89C3E4D2DE187F0288F
Appeals listed for hearing on 10 December 2021 · Parties directed to take instructions from the Registrar 48 hours before the scheduled date regarding video conference or physical hearing
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 were pending and listed for hearing on 10 December 2021
SAT matter SATV-322D218D9E0C00843ADC0404
Adjourned at the respondent's request · Matters listed on 31 March 2022
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 were adjourned on 23 February 2022 and listed for 31 March 2022; no disposal on merits stated.
SAT matter SATV-4063DBEDA22A5B146C28D0E3
Appeals listed for 6 September 2021 · Parties directed to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 were pending and listed for 6 September 2021
SAT matter SATV-2AB85568D18FE26A9D636217
List appeals on 19th May, 2021 · Parties to contact Registrar 48 hours before fixed date to ascertain video conferencing or physical hearing
Appeal: Appeal Nos. 43, 51, 89, 513, 514 of 2020 with Misc. Applications 202/2021, 549/2020, 550/2020 pending; adjourned to 19 May 2021 with no disposal
SAT matter SATV-33AEBF5D7DF7582190685DDF
Amendment applications allowed with corrections in appeal memo · Place Appeal Nos. 43, 51 and 89 of 2020 for final hearing
Appeal: Appeal Nos. 43, 51 and 89 of 2020 with Misc. Applications 562-563/2020 pending; amendments allowed, listed for final hearing
SAT matter SATV-4B556B313BDC3524397D60A6
Adjourned on request of learned counsel for appellant; list on June 17, 2022 · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 43 of 2020, 51 of 2020, 89 of 2020 with Misc. Applications 202 of 2021, 1133 of 2021 adjourned; next listing June 17, 2022
SAT matter SATV-3A75892E9D6B383796B9DB4C
Adjourned on request of learned counsel for respondent SEBI · List on March 31, 2022
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 pending; adjourned to March 31, 2022 vide order dated 23.02.2022; Misc. Application Nos. 202 of 2021 and 1133 of 2021 pending
SAT matter SATV-556C26E971A98D0BB3EC6C98
List on 19th May, 2021 · Parties to contact Registrar 48 hours before fixed date to ascertain video conferencing or physical hearing
Appeal: Appeal Nos. 43 of 2020, 51 of 2020, 89 of 2020, 513 of 2020, 514 of 2020 with Misc. Applications 202 of 2021, 549 of 2020, 550 of 2020 adjourned to 19 May 2021
SAT matter SATV-5483D0BB627E223057D45EC3
Respondent SEBI to file reply within four weeks from 10.09.2020 · Appellant to file rejoinder within four weeks thereafter
Appeal: Appeal No. 43 of 2020 pending; connected with Appeal Nos. 51/2020 and 89/2020, listed on November 17, 2020 for admission and final disposal
SAT matter SATV-5526A4B56808FE290BFB00E8
Entire group adjourned and stood over to 19 April 2022 for final hearing and disposal
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 pending; adjourned to 19 April 2022 for final hearing and disposal
Non-compliance with Whole Time Member direction dated January 2, 2019 issued under Section 11B of SEBI Act, 1992
Impugned AO order dated June 28, 2022 set aside qua present appellants · Appeals allowed with no order as to costs
Appeal: Appeal Nos. 616, 617 and 618 of 2022 allowed on 30.09.2022; impugned AO order set aside
SAT matter SATV-6D632FE3ECD0FB0838E61B9D
List Appeals No. 43, 51 and 89 of 2020 on September 6, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
Fraudulent GDR scheme where USD 27.50 mn proceeds pledged as security to fund sole subscriber Clifford, with non-disclosure and misleading fully-subscribed announcement.
Upheld AO finding of fraud under Sec 12A and PFUTP Regs 3,4 · Upheld Rs 5 crore penalty on A Venkataramani
SAT matter SATV-8760C9C8E92D455E7BE66F6A
List matters on 19 May 2021 · Parties to contact Registrar 48 hours before fixed date to confirm video conferencing or physical hearing
Appeal: Appeal Nos. 43, 51, 89, 513, 514 of 2020 with Misc. Application Nos. 202 of 2021, 549 and 550 of 2020 pending; adjourned to 19 May 2021 vide order dated 19.4.2021
SAT matter SATV-8D97B045B29A2991C3D6A81D
Entire group of appeals adjourned and stood over to 19 April 2022 for final hearing and disposal
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 pending before SAT; adjourned to 19 April 2022 for final hearing and disposal
Fraudulent GDR issue where USD 27.50 mn proceeds pledged as security to fund sole subscriber, with misleading fully-subscribed announcement and non-disclosure.
Affirmed AO finding of fraudulent GDR scheme violating Sec 12A and PFUTP Regs 3,4 · Upheld Rs 5 crore penalty on A Venkataramani per AO order 29 Nov 2019
Appeal: Appeals No. 43/2020, 51/2020, 89/2020, 336/2022, 337/2022 decided 02.09.2022 (reserved 26.08.2022); findings upheld with modification noted
SAT matter SATV-8E7DA186BFE29D0E6003CE11
List / next hearing on May 12, 2022
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 pending; adjourned to May 12, 2022
SAT matter SATV-A839EC7A28C2D9843C5279B4
List Appeal Nos. 43, 51 and 89 of 2020 on January 14, 2022 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 with Misc. Application Nos. 202 of 2021 and 1133 of 2021 pending, adjourned to January 14, 2022
Fraudulent GDR scheme where USD 27.5 mn proceeds pledged as security to fund sole subscriber and loan/pledge and single-subscriber fact not disclosed, misleading market.
SAT upheld AO order 29.11.2019 finding fraud under Sec 12A and PFUTP · Rs 5 cr penalty on A Venkataramani upheld
Appeal: Appeal Nos 43/2020, 51/2020, 89/2020, 336/2022, 337/2022 reserved 26.08.2022, decided 02.09.2022; penalties upheld with modification for joint penalty
SAT matter SATV-B4CC841A32D9604D8DCC102E
List Appeals Nos. 43, 51, 89, 513, 514 of 2020 on April 19, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
Appeal: Appeal Nos. 43, 51, 89, 513, 514 of 2020 pending before SAT; Misc. Application No. 202 of 2021 and Delay Applications Nos. 549-550 of 2020; listed on April 19, 2021
SAT matter SATV-46284CE63EB3F5338A5A49DD
Arguments heard in the connected appeals and miscellaneous applications · Orders reserved
Appeal: Appeal Nos. 43 of 2020, 51 of 2020, 89 of 2020, 336 of 2022 and 337 of 2022 heard; order reserved on 26 August 2022
SAT matter SATV-4659E26F0D9C97B794D245FB
Appeals listed for hearing on 21 June 2021 · Parties directed to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing
Appeal: Miscellaneous Application No. 202 of 2021 in Appeal No. 43 of 2020, with Appeals Nos. 51 of 2020 and 89 of 2020; listed for hearing on 21 June 2021
Non-compliance of WTM direction dated January 2, 2019 issued under Section 11B of SEBI Act, 1992
Impugned AO common order dated June 28, 2022 set aside qua appellants · Appeals allowed with no order as to costs
Appeal: Appeal Nos. 616, 617 and 618 of 2022 allowed by SAT on 30.09.2022
SAT matter SATV-B84F173A96F158E4D13BF500
List Appeals No. 43, 51 and 89 of 2020 on December 10, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 pending; adjourned to 10 December 2021 vide order dated 22.10.2021
SAT matter SATV-B7060FB69514DE1D1891E673
Adjourned on request of learned counsel for respondent SEBI · List on October 22, 2021
Appeal: Appeal Nos. 43 of 2020, 51 of 2020, 89 of 2020 with Misc. Application No. 202 of 2021 pending; adjourned to October 22, 2021, not disposed on 06.09.2021
SAT matter SATV-AEE7BE2F8D412CD100C2D810
List appeals on 19th May, 2021 · Parties to contact Registrar 48 hours before fixed date for VC/physical hearing mode
Appeal: Appeal Nos. 43, 51, 89, 513, 514 of 2020 with Misc. Applications 202/2021, 549/2020, 550/2020 pending; adjourned to 19 May 2021 per order dated 19.4.2021
SAT matter SATV-BE2829991267F091A2D5B24C
Matter adjourned on ground appellant's counsel under treatment for Covid positive · List on 23rd February, 2021
Appeal: Appeal Nos. 43 of 2020, 51 of 2020, 89 of 2020 with Misc. Appl. Nos. 202 of 2021, 1133 of 2021 pending; adjourned, not disposed
SAT matter SATV-B602B73CD781EA60ADA7A14E
Adjourned on request of appellants' counsel, list on July 20, 2021 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
Appeal: Misc. Application No. 202 of 2021 and Appeal Nos. 43, 51 and 89 of 2020 adjourned on 21.06.2021, next listed July 20, 2021
SAT matter SATV-4708D0E15E8691FC2A50AE0A
Matters adjourned at the request of SEBI's counsel · List the matters on 22 October 2021
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 were adjourned; next listed on 22 October 2021
SAT matter SATV-C5E940207DECC0180C12C99C
Heard counsel for parties and reserved order · Parties directed to act on digitally signed copy signed by Private Secretary on behalf of bench
Appeal: Appeal Nos. 43 of 2020, 51 of 2020, 89 of 2020, 336 of 2022, 337 of 2022 heard on 26.08.2022; order reserved
SAT matter SATV-CBC43550E8D6A5588406581D
List Appeals 43/2020, 51/2020, 89/2020 on August 26, 2022 with Appeals 336-337/2022 · Parties to act on digitally signed copy; certified copy from Registry on payment
Appeal: Appeal Nos. 43/2020, 51/2020, 89/2020 pending with Misc. Applications 202/2021, 1133/2021; adjourned to 26.08.2022
Fraudulent GDR scheme: pledged USD 27.5 mn GDR proceeds as collateral to fund sole subscriber, non-disclosure and misleading fully-subscribed announcement.
AO order Nov 29, 2019 penalty Rs 5 cr on A Venkataramani upheld - no error · AO penalty Rs 10 lakh on Uma Karthikeyan dated Apr 21, 2022 upheld as just and proper
Appeal: Appeal Nos. 43, 51, 89 of 2020 and 336, 337 of 2022 with Misc. Applications decided by SAT on 02.09.2022 (reserved 26.08.2022)
SAT matter SATV-D30DBD915033EF7067BE3542
Adjourned on request of counsel for respondent SEBI · List on October 22, 2021
Appeal: Appeal Nos. 43 of 2020, 51 of 2020, 89 of 2020 with Misc. Application No. 202 of 2021 pending before SAT; adjourned on 06.09.2021 to 22.10.2021, no disposal
SAT matter SATV-CF684A553B71B3B854956383
Respondent to file reply to delay condonation application and memorandum of appeal · Appellant to file rejoinder thereafter
Appeal: Appeal No. 166 of 2020 with Misc. Application No. 253 of 2020 pending; delay of 356 days; listed for orders/admission/final disposal on November 17, 2020
SAT matter SATV-D5C7F85A8D7F787134C7FBA7
List Appeals No. 43/2020, 51/2020, 89/2020, 513/2020, 514/2020 on April 19, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
Appeal: Appeal Nos. 43/2020, 51/2020, 89/2020, 513/2020, 514/2020 pending; adjourned to April 19, 2021 by order dated 09.03.2021
SAT matter SATV-D8E5F91241E7F27B09C9966C
List Appeal Nos. 43, 51 and 89 of 2020 on January 14, 2022 · Parties to take instructions from Registrar 48 hours before fixed date on video vs physical hearing
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 with Misc. Application Nos. 202 of 2021 and 1133 of 2021 pending; adjourned to 14.01.2022 by order dated 10.12.2021
SAT matter SATV-5A85D1DE16191719029A5DBF
Appeal No. 89 of 2020 adjourned and listed on 12 May 2022.
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 were pending before SAT; Appeal No. 89 of 2020 was adjourned on 19 April 2022 to 12 May 2022.
SAT matter SATV-E0CCD1419F2D7CD4B0DE0DF4
List Appeal Nos. 43, 51, 89, 513, 514 of 2020 on April 19, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
Appeal: Appeal Nos. 43/2020, 51/2020, 89/2020, 513/2020, 514/2020 pending; adjourned to 19.04.2021; Misc. Applications 202/2021, 549/2020, 550/2020 pending
SAT matter SATV-E8D30D8D6B85E8A5B4E9CEF8
Adjourned on request of respondent counsel; listed on March 31, 2022 · Parties to take instructions from Registrar 48 hrs before fixed date on hearing mode
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 with Misc. Applications 202 of 2021, 1133 of 2021 adjourned to March 31, 2022, no final disposal
SAT matter SATV-E4664DCA8544F26199CE977D
Appeals listed on December 16, 2020 · Parties to take instructions from Registrar 48 hrs before fixed date on video vs physical hearing
Appeal: Appeal Nos. 43, 51 and 89 of 2020 pending before SAT; adjourned to December 16, 2020 vide order dated 17.11.2020
SAT matter SATV-EA91732C9C309F6A9AE88210
Misc. Application No. 253 of 2020 for condonation of 356 days delay dismissed · Appeal No. 166 of 2020 dismissed with no order as to costs
Appeal: Appeal No. 166 of 2020 with Misc. Application No. 253 of 2020 dismissed by SAT on 17.11.2020 due to 356 days delay
SAT matter SATV-F00E2E739578B09C29362F09
Adjourned as prayed by respondent and listed on September 30, 2022 for admission
Appeal: Appeal Nos. 616, 617 and 618 of 2022 heard on 28.09.2022, adjourned to September 30, 2022 for admission
SAT matter SATV-F565703E1FC0FC7041735D04
List Appeals on 19th May, 2021 · Parties to contact Registrar 48 hours before fixed date to ascertain video conferencing or physical hearing
Appeal: Appeal Nos. 43, 51, 89, 513, 514 of 2020 with Misc Applications 202/2021, 549/2020, 550/2020 heard on 19.4.2021 and adjourned to 19 May 2021; no disposal
SAT matter SATV-680B0C0C3E54BE602752AD2D
Amendment applications in Misc. Application Nos. 562 and 563 of 2020 allowed · Carry out necessary corrections in appeal memo
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 pending before SAT; amendment allowed, listed for final hearing
Fraudulent GDR scheme: pledged USD 27.5 mn GDR proceeds as security to fund sole subscriber Clifford, misrepresented as fully subscribed, non-disclosure to exchange/investors.
Upheld Rs 5 crore penalty on Chairman A Venkataramani per AO order 29 Nov 2019 · Upheld Rs 10 lakh penalty on Uma Karthikeyan per AO order 21 Apr 2022; noted 5-year WTM debarment
Appeal: SAT Appeal Nos 43, 51, 89 of 2020 and 336, 337 of 2022 decided on 02.09.2022 (reserved 26.08.2022)
SAT matter SATV-61B2D7981FD2931053B08386
List Appeal Nos. 43, 51 and 89 of 2020 on December 10, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video conference or physical hearing
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 pending; next listed on December 10, 2021
SAT matter SATV-728FFD88C87481D47496DF56
List Appeals Nos. 43, 51 and 89 of 2020 on June 21, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on hearing mode
Appeal: Appeal Nos. 43, 51 and 89 of 2020 pending with Misc. Application No. 202 of 2021; listed for June 21, 2021, not disposed
SAT matter SATV-7B9E724DAD50CB05A4CEE96E
Adjourned on request of appellant counsel; list on July 6, 2022 · Parties to act on digitally signed copy; certified copy available on payment of charges
Appeal: Appeal Nos. 43 of 2020, 51 of 2020, 89 of 2020 with Misc. Appl. Nos. 202 of 2021, 1133 of 2021 pending; adjourned to July 6, 2022
SAT matter SATV-8C809073299712A806F8386E
Adjourned on request of learned counsel for the appellant · List matters on June 17, 2022
Appeal: Appeal Nos. 43 of 2020, 51 of 2020 and 89 of 2020 with Misc. Applications 202 of 2021 and 1133 of 2021 adjourned, next listing June 17, 2022
SAT matter SATV-9921DC6D679A96C03B50347C
List Appeal Nos. 43, 51 and 89 of 2020 on June 21, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
Appeal: Appeal Nos. 43, 51, 89 of 2020 with Misc. Application No. 202 of 2021 pending; adjourned on 19.05.2021 to June 21, 2021, not disposed
SAT matter SATV-9D05CEC3B4C464E3796DD134
Order reserved after hearing counsel for parties · Parties to act on digitally signed copy; certified copy from Registry on payment
Appeal: Appeal Nos. 43/2020, 51/2020, 89/2020, 336/2022, 337/2022 heard on 26.08.2022; order reserved, not disposed
SAT matter SATV-D54F047A77D054CE7FBBFFEE
Matter adjourned and listed on 23 February 2021 · Parties to contact Registrar 48 hours before fixed date for hearing mode
Appeal: Appeal Nos. 43, 51 and 89 of 2020 with Misc. Applications 202 and 1133 of 2021 pending; adjourned
SAT matter SATV-D230BCC189E7E85C16E49AC9
Adjourned at respondent request and listed on September 30, 2022 for admission · Parties to act on digitally signed copy; certified copy available from Registry on payment
Appeal: Appeal Nos. 616, 617 and 618 of 2022 adjourned on 28.09.2022; listed for admission on 30.09.2022
SAT matter SATV-E326C904F8F666D8E8F16CF7
List Appeal Nos. 43, 51 and 89 of 2020 on September 6, 2021 · Parties to take instructions from Registrar 48 hours before fixed date on video conference vs physical hearing
Appeal: Appeal Nos. 43, 51 and 89 of 2020 with Misc. Application No. 202 of 2021 adjourned and listed on September 6, 2021; no disposal on merits on 20.07.2021

Other

SAT matter SATV-5FC92921895F384AEFBA6C81
Appeals listed on December 16, 2020 · Parties to take instructions from Registrar 48 hrs before fixed date on video conference vs physical hearing
Appeal: Appeal Nos. 43, 51 and 89 of 2020 pending; adjourned to December 16, 2020; affidavits exchanged in 43 and 51

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Source: SecMarx — Sukumar Subramanian. 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.