Yes Bank Ltd.
Penalties and directions recorded
- Parties to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearing.
- Four appeals challenging NCL Committee orders were taken up together; operative disposition is not contained in the provided text.
- List matters on 31 January 2023
- Appellants to file precise grounds in written submissions with relevant page numbers
- List these matters on September 12, 2023 before admission and part heard matters
SAT-appeal
- SAT matter SATV-06BA403B0DA0542B1B9B479DArguments were continuing; matter listed for further hearing on 7 February 2023. · Parties directed to act on the digitally signed copy of the order.Appeal: Appeal No. 370 of 2021 was pending; further hearing listed for 7 February 2023. Miscellaneous Application No. 1192 of 2021 was heard with the appeal.
- SAT matter SATV-08B67EDF6851C3BA281281ACAppeals Nos. 80 of 2020 and 441 of 2020 listed for further hearing on 20 October 2022 · Parties directed to act on the digitally signed orderAppeal: Appeal Nos. 80 of 2020, 441 of 2020, 370 of 2021 and 757 of 2021 were pending; Appeals Nos. 80 of 2020 and 441 of 2020 listed for further hearing on 20 October 2022
- SAT matter SATV-095BFB49D35F952EA1C40BE6Appeals adjourned on appellants' request · List Appeals Nos. 373 and 374 of 2021 on 6 May 2022Appeal: Appeal Nos. 373 of 2021 and 374 of 2021 were adjourned on 8 April 2022 and listed for 6 May 2022; no disposal on merits stated.
- SAT matter SATV-0C06ADB84A1323520F7F098BAppeals adjourned due to non-availability of the bench · List on 2 May 2024Appeal: Appeal Nos. 373 of 2021, 374 of 2021 and 729 of 2022 were adjourned on 26 February 2024 and listed for 2 May 2024; no disposal on merits stated.
- Alleged improper liquidation of end-clients’ securities to recover proprietary or trading-member dues, without adequate due diligence or ensuring use only for the relevant clients’ obligations.Appeals were dismissed and the Committee’s directions to reinstate or buy and return wrongly sold client securities were upheld. · Appellants were required to reinstate securities within 15 days, failing which equivalent value plus 5% mark-up could be blocked from available collateral.Appeal: Appeal Nos. 441 of 2020, 80 of 2020, 370 of 2021 and 757 of 2021; decided by SAT on 15 December 2023. The appeals challenged NCL Committee orders dated 20 October 2020, 13 February 2020, 3 May 2021 and 7 December 2021 respectively.
- SAT matter SATV-15B829B03CF89A1A9DF9A5A6Hearing was heard in part and continued to 16 December 2022. · Parties were directed to act on the digitally signed order.Appeal: Appeal No. 370 of 2021 was heard in part on 15 December 2022; continuation listed for 16 December 2022.
- SAT matter SATV-18EE54357B8EA45D31F887EDAppeals adjourned on the appellants' request · Stand over to 30 August 2022Appeal: Appeal Nos. 373 of 2021 and 374 of 2021 were adjourned on 21 July 2022 and stood over to 30 August 2022; no final disposal stated.
- SAT matter SATV-16CAFF81AF36E83EF8F995BFMatter adjourned at the appellant's request. · Appeal listed for 11 January 2022.Appeal: Appeal No. 370 of 2021; order dated 9 December 2021 adjourned the matter and listed it for 11 January 2022.
- SAT matter SATV-2F27D359B6CB84FA553956D3Matter directed to be listed on 09 February 2023 for arguments in rejoinder · Parties directed to act on the digitally signed orderAppeal: Appeal No. 370 of 2021 was listed for arguments in rejoinder on 08 February 2023; no final disposal recorded
- SAT matter SATV-32F12B92D8A30F8E9778ECCEAdjourned on the appellant's request · Listed for hearing on 25 July 2023Appeal: Appeal Nos. 373 of 2021, 374 of 2021 and 729 of 2022 were adjourned on 12 May 2023 and listed on 25 July 2023; no disposal recorded.
- Failure by clearing/professional clearing members to conduct adequate due diligence and prevent client securities from being used to meet trading members’ proprietary obligations.Four appeals challenging NCL Committee orders were taken up together; operative disposition is not contained in the provided text.Appeal: Appeal Nos. 441 of 2020, 80 of 2020, 370 of 2021 and 757 of 2021 were heard together; decision dated 15 December 2023.
- Claim for protection under Investor Protection Fund against defaulting broker; dispute over 15777 ITC Ltd shares transferred to brokerRespondent No.1 to seek complete instructions and file affidavit within four weeks on ITC shares with defaulting broker · Matter listed on 08.10.2024 by consent for further hearingAppeal: Appeal No. 419 of 2022 with Misc. Application No. 544 of 2022 and 484 of 2022 pending before SAT; adjourned to 08.10.2024
- SAT matter SATV-46858FD53B607351CFD76C13Reply filed by SEBI in Appeal No. 729 of 2022 taken on record · Three weeks' time allowed to appellant in Appeal No. 729 of 2022 to file rejoinder
- SAT matter SATV-5ACC19E1056BB3FD6FF34A73List on January 11, 2023 · Parties to act on digitally signed copy of order by Private SecretaryAppeal: Appeal No. 370 of 2021 pending; next listing on January 11, 2023
- SAT matter SATV-7BAB89648C27D2BD8D3FC2DCNSDL directed to reply to NSE email dated 04.10.2024 within outer limit of two weeks from 25.11.2024 · NSE to forward copy of order along with copy of email dated 04.10.2024 to NSDLAppeal: Appeal No. 419 of 2022 with Misc. Application No. 544 of 2022 and Misc. Application No. 484 of 2022 pending; adjourned by consent to 20.01.2025
- SAT matter SATV-93783AE9359816CFC8709EA2Appellants to file precise grounds in written submissions with relevant page numbers · Appellant submissions to be exchanged with SEBI counselAppeal: Appeal Nos. 373 of 2021, 374 of 2021 and 729 of 2022 with Misc. Application No. 962 of 2023 pending; order dated 18.07.2025 adjourns to 08.09.2025
- SAT matter SATV-8EE25906302CE2D69BEB3A16Adjourned on request of appellant's counsel · List on March 29, 2022Appeal: Appeal No. 370 of 2021 pending, adjourned to March 29, 2022
- SAT matter SATV-93028E6FC459145935DB2573Change of date granted by consent; matter to be called on April 7, 2025 at 10:30 a.m. instead of February 20, 2025Appeal: Appeal No. 373 of 2021, Appeal No. 374 of 2021 and Appeal No. 729 of 2022 pending before SAT; adjourned to April 7, 2025
- SAT matter SATV-ACE7E556226DFC54469EAF7BList these matters on September 12, 2023 before admission and part heard mattersAppeal: Appeal No. 373 of 2021, Appeal No. 374 of 2021 and Appeal No. 729 of 2022 pending; listed on September 12, 2023
- SAT matter SATV-CAF17B99F1774F02E39DE70CAdjourned on request of the appellant · List on 30 September 2022Appeal: Appeal No.373 of 2021 and Appeal No.374 of 2021 pending before SAT; adjourned on 30.8.2022 to 30 September 2022
- SAT matter SATV-CEB7C54094D7C60F80B41444Respondents allowed three weeks to file reply, appellant three weeks thereafter for rejoinder · Effect and operation of impugned order stayed pending appealAppeal: Appeal No.370 of 2021 (Yes Bank Ltd. vs NSE Clearing Ltd. & Anr.) pending; stay of impugned order granted on 17.05.2021; next listing July 16, 2021
- SAT matter SATV-D028A0E95427E99EB9AF8B03List Appeal Nos. 373 and 374 of 2021 on January 19, 2022 · Parties to take instructions from Registrar 48 hrs before date fixed on video conference vs physical hearingAppeal: Appeal Nos. 373 and 374 of 2021 pending before SAT; adjourned to January 19, 2022 with no disposal or stay in this order
- Alleged facilitation of secondary-market sale of Yes Bank AT-1 Bonds without informing investors of risk factors, constituting misrepresentation and fraud.Stay of effect and operation of impugned AO order against appellants subject to undertaking · Respondent to file reply within 4 weeks from 21 May 2021Appeal: Appeal Nos. 373 and 374 of 2021 against AO order 12 Apr 2021 pending; stay granted 21 May 2021; next hearing 30 Jul 2021
- SAT matter SATV-E09438FF2B000146EA6DABA4Matter adjourned by consent, listed on 25.11.2024Appeal: Appeal No. 419 of 2022 with Misc. Application Nos. 544 of 2022 and 484 of 2022 pending, adjourned to 25.11.2024
- SAT matter SATV-F5583074A412A4A0EE3D9092Heard senior counsel for Respondent No.1 NSE Clearing Ltd.; listed on 06 January 2023 for further hearing · Parties to act on digitally signed copy; certified copy available from Registry on paymentAppeal: Appeal No. 370 of 2021 (Yes Bank Ltd. vs NSE Clearing Ltd. & Anr.) pending, part-heard and listed for 06 January 2023
- SAT matter SATV-503B192BD319A380453C9A77Appellant granted three weeks to file rejoinder · Matter listed for 9 September 2021Appeal: Appeal No. 370 of 2021; procedural order dated 16 July 2021; rejoinder permitted and matter listed for 9 September 2021
- SAT matter SATV-59FA5B3F96FC80321CB9391EMatter listed for 23 February 2022 · Parties directed to take instructions from the Registrar 48 hours before the listed date regarding video conference or physical hearingAppeal: Appeal No. 370 of 2021 listed for 23 February 2022; no disposal on merits stated
- SAT matter SATV-7632753A0FAAD983A2867E39Appeals adjourned on the appellants' request · Listed for hearing on 6 May 2022Appeal: Appeal Nos. 373 of 2021 and 374 of 2021; order dated 8 April 2022 adjourned the matters and listed them on 6 May 2022
- Alleged misrepresentation and fraud by bank Relationship Manager in facilitating secondary-market sale of AT-1 Bonds without informing investors of risk factors.Stay of effect and operation of AO order dated 12 April 2021 against appellants · Stay conditional on Yes Bank undertaking for itself and PWM appellants to pay penalty within two weeks if appeal failsAppeal: Appeal Nos. 373 and 374 of 2021 against AO common order dated 12 April 2021; interim stay granted conditional on undertaking; pending, next listed 30 July 2021
- Challenge to NSE refusal vide 6 Nov 2020 to refer investor-broker dues dispute to IGRC relying on SEBI circular dated 1 July 2020.Appeal disposed - IGRC referral relief denied · Liberty to appellant to file claim petition under stock exchange bye-laws
- SAT matter SATV-7AD6F2B82E64ACD242004B45Matter adjourned by consent to October 25, 2024Appeal: Appeal Nos. 373 of 2021, 374 of 2021 and 729 of 2022 mentioned on 06.09.2024; adjourned to 25.10.2024, not disposed
- SAT matter SATV-821588768FA5C381CCD09808Heard senior counsel for appellant; listed for further hearing of respondentsAppeal: Appeal No. 370 of 2021 with Misc. Application No. 1192 of 2021 pending before SAT; order dated 19.12.2022 is procedural adjournment, no disposal
- SAT matter SATV-8506284D80DD36CDC46966B4Appeals taken up for hearing on mention by intervenor; arguments commenced by counsel for Edelweiss · List appeals for further hearing on October 20, 2022Appeal: Appeal Nos. 80 of 2020, 441 of 2020, 370 of 2021, 757 of 2021 pending before SAT; arguments started on 23.09.2022; listed for further hearing on 20 October 2022
- SAT matter SATV-95372D79DBD5A8185D482DD6Adjourned on request of learned counsel for the appellants · Matter stood over to August 30, 2022Appeal: Appeal No. 373 of 2021 (Yes Bank Ltd. vs SEBI) and Appeal No. 374 of 2021 (Vivek Kanwar & Ors. vs SEBI) pending, adjourned to August 30, 2022
- SAT matter SATV-9580FCBCFD1A8EF7DCBC09DEBy consent, matters called on July 18, 2025 at 10:30 a.m.Appeal: Appeal Nos. 373 of 2021, 374 of 2021, 729 of 2022 and Misc. Application No. 962 of 2023 pending; adjourned to 18 July 2025, no disposal
- Clearing members failed due diligence and misutilised end-clients securities to meet trading members proprietary dues in contravention of SEBI circular and NCL Rules.Directs appellants to reinstate securities by market purchase within 15 days · On failure block amount equal to 16th day NSE closing price plus 5% mark-up from collateral with NCLAppeal: Appeal Nos. 441 of 2020, 80 of 2020, 370 of 2021 and 757 of 2021 before SAT; heard 10.02.2023, decided 15.12.2023
- SAT matter SATV-CBD7B5A6BE98705CC208E82CAppeal not taken up due to paucity of time; listed on 23 September 2022 · All parties to act on digitally signed copy of orderAppeal: Appeal No.370 of 2021 pending before SAT; adjourned vide order dated 7.9.2022 to 23 September 2022
- SAT matter SATV-DA28C60B04F996BA8F156BD5Appeal dismissed as withdrawn keeping appellant's rights and contentions open · Interlocutory applications, if any, disposed of with no costsAppeal: Appeal No. 419 of 2022 dismissed as withdrawn on 22 September 2025
- PCM/CM failed due diligence and liquidated end-client securities pledged via trading member to meet trading member proprietary/debit obligations, in contravention of SEBI circular and NCL Rules.Committee directed appellants to reinstate securities by procuring from market within 15 days · Failing reinstatement, amount equivalent to value of securities as on 16th day at NSE closing price plus 5% mark-up to be blocked from available collateral with NCLAppeal: Appeal Nos. 441/2020, 80/2020, 370/2021, 757/2021 heard 10.02.2023, decided by SAT 15.12.2023
- SAT matter SATV-E2E822A2F0265CE5D81C2113List matters on January 8, 2024Appeal: Appeal Nos. 373 of 2021, 374 of 2021 and 729 of 2022 pending before SAT; next hearing on January 8, 2024
- SAT matter SATV-E9334A32F1072D72C4544690List on December 19, 2022 · Parties to act on digitally signed copy; certified copy available from Registry on paymentAppeal: Appeal No. 370 of 2021 with Misc. Application No. 1192 of 2021 pending; listed on December 19, 2022 per order dated 16.12.2022
- SAT matter SATV-EB43BB82DC6C16AD5360D473List Appeal No. 373 of 2021 and Appeal No. 374 of 2021 on January 19, 2022 · Parties to act on digitally signed copy sent by fax and/or emailAppeal: Appeal No. 373 of 2021 (Yes Bank Ltd. vs SEBI) and Appeal No. 374 of 2021 (Vivek Kanwar & Ors. vs SEBI) pending, adjourned to January 19, 2022
Other
- SAT matter SATV-FA7529C2BC45B14CCF76909DMatter put up on 8 February 2023 for continuation of respondent's arguments · Parties to act on digitally signed copy; certified copy available from Registry on payment of chargesAppeal: Appeal No.370 of 2021 (Yes Bank Ltd. vs NSE & Anr.) pending before SAT; arguments continuing on 7.2.2023, next hearing 8.2.2023
Source: SecMarx — Yes Bank Ltd.. 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.