Vikas Garg
Penalties and directions recorded
- SEBI shall refund 50% of the penalty amount to the appellant
- Appellant to deposit Rs 3.15 Crores being 50% of amount within four weeks
- Appellants directed to deposit the full penalty imposed by SEBI.
- Penalty deposit to be subject to the outcome of the appeal.
- By consent, matters to be called on 15.01.2026
SAT-appeal
- SAT matter SATV-02E63C69DF2DF17840705EAESEBI shall refund 50% of the penalty amount to the appellantAppeal: Appeal No. 525 of 2024 disposed of by SAT order dated 26 September 2025; post-pronouncement direction issued for refund
- SAT matter SATV-07B5291F9F1E46141CC21C5FAdjournment sought in Appeal No. 550 of 2024 · Appeal No. 550 of 2024 listed on 23 June 2026Appeal: Appeal Nos. 549 and 550 of 2024 were pending; Appeal No. 550 of 2024 adjourned on 7 May 2026 to 23 June 2026
- SAT matter SATV-0A1B0DDD038B971C77EF0487Appeals and connected miscellaneous applications were listed for hearing on 10 March 2026Appeal: Appeal Nos. 549 and 550 of 2024 were pending; the order dated 10 February 2026 directed listing on 10 March 2026
- SAT matter SATV-205B337C7A61D77BD61144B0Adjournment granted by consent · Matter to be listed on 4 June 2025Appeal: Appeal No. 525 of 2024; order dated 17 March 2025; adjourned by consent to 4 June 2025
- SAT matter SATV-1ED630E20C83BC7C641B20E7Misc. Application No. 837 of 2024 was directed to be listed on 15 July 2024Appeal: Appeal No. 236 of 2024; Misc. Application No. 837 of 2024 was mentioned for urgent hearing and listed for 15 July 2024; no final disposal stated
- SAT matter SATV-17536F8A4F1C2838D3EDD789Matter in Appeal Nos. 549 and 550 of 2024 was adjourned and directed to be listed on 26 March 2026.Appeal: Appeal Nos. 549 and 550 of 2024 remained pending; listed for 26 March 2026 by order dated 12 March 2026.
- SAT matter SATV-23F408DDA4F370BB04E99340By consent, list the appeal on 04 December 2024Appeal: Appeal No. 550 of 2024; order dated 21 October 2024; matter adjourned by consent to 04 December 2024
- SAT matter SATV-3DBA767FDF055DFC5D885100Call on 30.07.2026 - both appeals adjournedAppeal: Appeal No. 549 of 2024 and Appeal No. 550 of 2024 pending; adjourned to 30.07.2026 vide order dated 17.07.2026
- SAT matter SATV-4685299BAC30CADB4A949BACMatter mentioned for urgent listing; posted to 02.09.2024Appeal: Appeal Lodg. No. 447 of 2024 (Vikas Garg vs SEBI) mentioned for urgent listing on 27.08.2024; next date 02.09.2024
- SAT matter SATV-7B0247CADADC3975FE9652DECall on March 12, 2026Appeal: Appeal Nos. 549 and 550 of 2024 pending; adjourned to March 12, 2026 per order dated 10.03.2026
- SAT matter SATV-6D0CFA8DAD95C316785BB742Impugned SEBI order stayed pending disposal of Appeal No. 550 of 2024 · Undertaking not to buy/sell securities and not dispose immovable properties recordedAppeal: Appeal No. 550 of 2024 admitted on 02.09.2024; interim stay granted pending hearing; listed 21.10.2024
- Charges in the show cause notice were admitted by the appellants; the specific charges are not stated in the order.Appeal admitted. · Appellants directed to deposit the full penalty imposed by SEBI.Appeal: Appeal No. 525 of 2024 admitted on 21 August 2024; listed for 14 October 2024
- SAT matter SATV-82B1E77A7144C10F3D4D07AEAppeal No. 236 of 2024 dismissed as having been rendered infructuous · Misc. Application No. 317 of 2024 and Misc. Application No. 318 of 2024 disposed ofAppeal: Appeal No. 236 of 2024 dismissed as infructuous on 30.07.2024; Misc. Application Nos. 317 and 318 of 2024 disposed of
- SAT matter SATV-8964CB07F019073A249C0C29By consent, matter to be called on February 10, 2026Appeal: Appeal No. 549 of 2024 and Appeal No. 550 of 2024 pending; adjourned by consent to February 10, 2026
- SAT matter SATV-4046D352A2FABEBA048CA616Order reservedAppeal: Appeal No. 525 of 2024; heard on 11 September 2025 and order reserved
- SAT matter SATV-93AAD4A83493F454A261D7A9Time extended to SEBI till July 30, 2024 as last chance with no further extension · Matter to be listed on July 30, 2024Appeal: Appeal No. 236 of 2024 with Misc. Application Nos. 317, 318 and 837 of 2024 pending before SAT; adjourned to July 30, 2024
- SAT matter SATV-DAF2603D219BE5100B92E7A9List for admission on April 15, 2024Appeal: Misc. Application No. 317 of 2024 and Misc. Application No. 318 of 2024 and Appeal Lodging No. 150 of 2024 pending, listed for admission on April 15, 2024
- SAT matter SATV-ECB6BDAC7B8C1DBB4A12E6DDCall / listed on September 17, 2025Appeal: Appeal Nos. 549 and 550 of 2024 pending; adjourned to September 17, 2025 vide order dated 25.08.2025
- SAT matter SATV-D93BAF9CDB71A8EBB2A8FC75By consent, matters to be called on 15.01.2026Appeal: Appeal No. 549 of 2024 with Misc. Applications 1117, 965, 533 of 2025 and Appeal No. 550 of 2024 with Misc. Applications 969-970 of 2024 pending; adjourned by consent to 15.01.2026 vide order dated 19.11.2025
- SAT matter SATV-E816A7068F825A23DA02D2A7Three weeks time allowed to file rejoinder · Matters to be called on April 23, 2025 by consentAppeal: Appeal No. 549 of 2024 and Appeal No. 550 of 2024 pending before SAT; adjourned to April 23, 2025 for rejoinder
- SAT matter SATV-E36C9CF4DE1883A230E5B083Matter called on January 30, 2025 by consent to enable filing of rejoinderAppeal: Appeal No. 550 of 2024 with Misc. Application Nos. 969 and 970 of 2024 pending; next date January 30, 2025
- SAT matter SATV-F63C2F0AF93C1E83AB0BE28EAdjourned at request of SEBI counsel; matter listed on 23.04.2026Appeal: Appeal Nos. 549 of 2024 and 550 of 2024 pending before SAT; adjourned to 23.04.2026 vide order dated 26.03.2026
- SAT matter SATV-F839ED9FC34FB062FEDC06A5Matter called and adjourned to 17.03.2025Appeal: Appeal No. 525 of 2024 pending before SAT; adjourned to 17.03.2025 vide order dated 24.01.2025
- SAT matter SATV-FDD42DAAAA78BE69886F1092By consent, call (adjourned) on July 17, 2026Appeal: Appeal No. 549 of 2024 and Appeal No. 550 of 2024 pending; adjourned by consent to July 17, 2026
- SAT matter SATV-5DBB4A6E7EEE8E598D9FF48CAdjourned due to non-availability of bench · Listed for admission on 8 May 2024Appeal: Appeal No. 236 of 2024 was adjourned on 15 April 2024 and listed for admission on 8 May 2024; no disposal is recorded.
- SAT matter SATV-5C544285FC683EFD3F57C239By consent, matter to be called on November 14, 2025Appeal: Appeal No. 549 of 2024 and Appeal No. 550 of 2024 pending; adjourned to 14 November 2025 vide order dated 17.09.2025
- SAT matter SATV-73D40E511E124D5EB8B6248BCall on March 12, 2026Appeal: Appeal No. 549 of 2024 and Appeal No. 550 of 2024 pending; next listing March 12, 2026
- SAT matter SATV-9268835FE07A044A133FAABACall / listed on March 10, 2026Appeal: Appeal Nos. 549 of 2024 and 550 of 2024 pending before SAT; adjourned to March 10, 2026
- SAT matter SATV-944B73BA109D5A7BF28178F8By consent, call on August 25, 2025Appeal: Appeal No. 549 of 2024 and Appeal No. 550 of 2024 pending before SAT; listed on 18.08.2025 and adjourned by consent to 25.08.2025
- SAT matter SATV-B87D32263C3B3F4C0FA733CEMatter adjourned and to be called on May 7, 2026Appeal: Appeal No. 549 of 2024 and Appeal No. 550 of 2024 pending before SAT; adjourned to May 7, 2026 vide order dated 23.04.2026
- Delayed/non-compliance with disclosure obligations under Regulation 29(1), 29(2) read with 29(3) SAST Regulations in acquisitions/open offer for Advik Capital Limited.Penalty reduced by 50% of amount imposed in para 24 of impugned AO order · Remaining portion of impugned order undisturbedAppeal: Appeal No.525 of 2024 filed under Section 15T, heard and reserved 11.09.2025, disposed on 26.09.2025 with penalty reduced by 50%
- SAT matter SATV-CB32DD032DF2D9496A422FF6Matter adjourned by consent to February 10, 2026Appeal: Appeal Nos. 549 of 2024 and 550 of 2024 pending before SAT; adjourned to February 10, 2026
- SAT matter SATV-F512A0938E57E3ECCEA99953SEBI to hear appellant within two weeks subject to cooperation and pass order within four weeks of closure of hearing · Matter to be called on July 15, 2024 with liberty to mentionAppeal: Appeal No. 236 of 2024 with Misc. Application Nos. 317 and 318 of 2024 pending; next date July 15, 2024
Source: SecMarx — Vikas Garg. 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.