Vikas Sarda

SAT-appeal

• Alleged front-running and fraudulent trading based on advance information about Big Clients’ trades, communicated by Ashish Sarda to the appellants for consideration.
  Common impugned order dated 28 November 2024 was challenged; the excerpt does not state the final SAT disposal direction.
  Appeal: Appeal Nos. 60 of 2025, 129 of 2025 and 152 of 2025, heard together and reserved on 12 February 2026; order pronounced on 4 March 2026. Final disposal outcome is not included in the provided text.
• Front-running Big Clients’ trades using advance information allegedly conveyed by Ashish Sarda, in violation of PFUTP provisions.
  Appeals against the SEBI QJA order dated November 28, 2024 were heard together and disposed of by common order. · Impugned order directed joint-and-several disgorgement, market debarment and monetary penalties; the excerpt does not state the final appellate disposition.
  Appeal: Appeal Nos. 60 of 2025, 129 of 2025 and 152 of 2025 under Section 15T; common order pronounced March 4, 2026. Final disposal result is not included in the provided excerpt.
• SAT matter SATV-2E2B6AB0B7CDC28962E3297D
  Matter listed for call on February 12, 2026
  Appeal: Appeal No. 60 of 2025 and Appeal No. 152 of 2025 were pending; order dated 9 February 2026 directed listing on 12 February 2026
• SAT matter SATV-2BA2B066C8FAE0D1DAA681D2
  Matter adjourned at SEBI counsel's request; listed on 06.01.2026
  Appeal: Appeal No. 0060 of 2025 and Appeal No. 0152 of 2025 pending before SAT; adjourned to 06.01.2026
• SAT matter SATV-353A575B5DE38220EE68EF53
  Appeal admitted · Exemption application allowed and disposed of
  Appeal: Appeal No. 060 of 2025 admitted on 07.02.2025 and pending; Misc. Application No. 65 of 2025 allowed and disposed of
• SAT matter SATV-4DD8B6590A5FFA6BED6BC5C9
  One week time allowed to file written submissions · Matter listed on January 20, 2026
  Appeal: Appeal No. 60 of 2025 and Appeal No. 152 of 2025 pending before SAT; adjourned to January 20, 2026
• SAT matter SATV-544CD812D2FA54CB84E3BAF4
  By consent, list the connected appeals and applications on 25 August 2025
  Appeal: Appeal Nos. 60 of 2025, 152 of 2025 and 129 of 2025 were pending before SAT; by consent, listed for 25 August 2025
• SAT matter SATV-C97C80AD5DB1ADF9F9C25888
  Adjourned - Call on October 16, 2025
  Appeal: Appeal No. 60 of 2025 and Appeal No. 152 of 2025 pending before SAT; adjourned to October 16, 2025 vide order dated 25.08.2025
• SAT matter SATV-D019008BCD7D06E960A70776
  Matter to be called on October 16, 2025
  Appeal: Appeal No. 60 of 2025 and Appeal No. 152 of 2025 pending before SAT; adjourned to 16 October 2025 vide order dated 25.08.2025
• SAT matter SATV-E28317529E396EC1EAA8F3E4
  Heard. Order reserved
• Front-running of trades of Big Clients - Parshvanath Finvest, Thar Share Brokers and Gangwal Commodities - by appellants using advance information from Ashish Sarda
  Appeal: Appeal Nos. 60, 129, 152 of 2025 under Section 15T against AO order dated November 28, 2024; heard and reserved February 12, 2026, pronounced March 4, 2026
• SAT matter SATV-F924B482DAAFEEE354CAF945
  Respondent granted two weeks to file written submissions · Matter to be called on February 9, 2026 by consent
  Appeal: Appeal No. 60 of 2025 with Misc. Application No. 552 of 2025 and Appeal No. 152 of 2025 with Misc. Application Nos. 332 and 333 of 2025 pending; adjourned to 9 February 2026
• SAT matter SATV-F7D252D93431E493481F5D8F
  Matter adjourned and listed on January 20, 2026 for filing written submissions
  Appeal: Appeal No. 60 of 2025 and Appeal No. 152 of 2025 pending before SAT; adjourned to 20.01.2026