Whole Time Member, Securities and Exchange Board of India

SAT-appeal

• SAT matter SATV-0374FB95AD12EA7FB7047CED
  Appeal disposed by adopting the same order as in Appeal No. 198 of 2010 decided on 27 January 2011
  Appeal: Appeal No. 13 of 2011 decided on 28 January 2011; order states it is the same as the order in Appeal No. 198 of 2010 decided on 27 January 2011
• Alleged failure by the lead manager to detect and prevent manipulated IPO subscriptions, irregular allotments and issuer bailout arrangements, violating the merchant banker code of conduct and SEBI Circular No. 1 dated 1 March 1993.
  SAT set aside SEBI's order dated 18 February 2008 restraining the appellant from accessing the securities market and dealing in it for one month.
  Appeal: Appeal No. 37 of 2008 decided on 31 March 2008; impugned SEBI order set aside.
• SAT matter SATV-13FA8FF67AF4207B5BF16DCB
  Appeal No. 185 of 2009 dismissed as withdrawn
  Appeal: Appeal No. 185 of 2009 was dismissed as withdrawn on 14 October 2009
• SAT matter SATV-191B00A3E1BCA6E70CDA9E29
  Appeal disposed of by adopting the same order as in Appeal No. 87 of 2011 decided on 11 July 2011
  Appeal: Appeal No. 94 of 2011 decided on 11 July 2011; disposed of by reference to Appeal No. 87 of 2011 decided the same day
• SAT matter SATV-193F2EB84A0B29A159CA38DC
  Miscellaneous Application No. 1052 of 2023 for condonation of delay rejected · Appeal No. 805 of 2023 dismissed
  Appeal: Appeal No. 805 of 2023 dismissed on 16 October 2023 after rejection of condonation application; delay was approximately 2242 days.
• SAT matter SATV-1ADF191173168A400D271111
  Appeal disposed of by adopting the same order as in Appeal No. 156 of 2011 decided on 14 November 2011
  Appeal: Appeal No. 157 of 2011 decided on 14 November 2011; order states it is the same as Appeal No. 156 of 2011 decided the same day
• SAT matter SATV-19F1DC2B0C78D182688DBC90
  Appeal No. 50 of 2012 dismissed as withdrawn · Liberty granted to the acquirer to file a fresh appeal as substituted appellant
  Appeal: Appeal No. 50 of 2012 disposed of as withdrawn on 19 April 2012, with liberty to file a fresh appeal by the acquirer.
• SAT matter SATV-1BAC1964DBC6AC1C58EB5ECE
  Miscellaneous application for condonation of delay rejected · Appeal No. 803 of 2023 dismissed
  Appeal: Appeal No. 803 of 2023 dismissed on 16 October 2023 after rejection of condonation application; delay was approximately 2048 days.
• SAT matter SATV-1C73D24664A7342AAAD7BCB2
  Appeal disposed of by adopting the same order as in Appeal No. 198 of 2010 decided on 27 January 2011
  Appeal: Appeal No. 18 of 2011 decided on 28 January 2011; order states it is the same as Appeal No. 198 of 2010 decided on 27 January 2011
• SAT matter SATV-30F91E8C48D0092F503AF628
  Appeal dismissed as infructuous
  Appeal: Appeal No. 55 of 2006 dismissed as infructuous on 31 July 2007
• SAT matter SATV-410F57310AAF5D0BF1E03CB1
  Appeal disposed by adopting the same order as in Appeal No. 198 of 2010 decided on 27 January 2011
  Appeal: Appeal No. 10 of 2011 decided on 28 January 2011; order states it is the same as the order in Appeal No. 198 of 2010 decided on 27 January 2011
• The broker was alleged to have aided artificial trading in Sawaca Communication Ltd. and allowed Mayekar Investment Pvt. Ltd. to function as an unregistered sub-broker. The FUTP charge was ultimately rejected, but the unregistered sub-broker/code-of-conduct charge was upheld.
  Appeal partly allowed. · SEBI's prohibition on taking new clients for one month was modified to a warning.
  Appeal: Appeal No. 192 of 2011, decided by SAT on 15 February 2012; appeal partly allowed and penalty modified to warning.
• Executing synchronized circular/reversal trades in the scrip of Sun Infoways Limited, forming part of an organized circular trading group.
  SEBI's finding of synchronized circular trading was upheld on merits. · SEBI's one-week registration suspension was modified.
  Appeal: Appeal No. 40 of 2013 decided partly in favour of appellant on 28 October 2013; merits upheld and penalty modified. Appeal No. 25 of 2013 by Angel Broking Private Limited was dismissed on 22 October 2013.
• SAT matter SATV-60D9073C061E429A5819095B
  Appeal disposed of by adopting the same order as in Appeal No. 43 of 2010 decided on 31 March 2010
  Appeal: Appeal No. 23 of 2010 decided on 31 March 2010; disposed of by reference to the order in Appeal No. 43 of 2010 decided the same day
• The appellant was restrained pending investigation into the downward movement of prices of certain securities; no specific statutory charge is stated.
  Appeal disposed of with a direction to SEBI to grant personal hearing and pass an appropriate order by 15 November 2012.
  Appeal: Appeal No. 201 of 2012 disposed of on 23 October 2012; no merits determination recorded.