Sat

SAT grants Zee 1-day extension to complete preferential warrant issue

The tribunal said the subscription amount was deposited on time but credited to the account the next day, resulting in the warrants being issued a day beyond the deadline

Religare takeover: SAT dismisses Danny Gaekwad's plea on exemptions

SAT has rejected Danny Gaekwad's bid to make a competing open offer for Religare, saying he missed the 15-day deadline under Sebi's takeover rules

SAT sets aside Sebi's order on Bombay Dyeing and its promoters

SAT overturns Sebi's 2022 order against Bombay Dyeing and Wadia promoters, directs refund of penalties, cites lack of fraud and enforcement delay

SC rejects Reliance plea over ₹30 lakh fine for not disclosing Jio-FB deal

In June 2022, Sebi imposed a penalty of ₹30 lakh on Reliance Industries for not making a prompt clarification to stock exchanges regarding the Jio-Facebook deal

SAT rejects FPIs' appeals on warrants, upholds Sebi's disclosure mandate

The tribunal upheld Sebi's disclosure circular requiring FPIs to reveal ownership structures to the ultimate beneficiary level, rejecting appeals by Elara and Vespera Funds

SAT directs Sebi to share more documents in Axis front-running case

The Securities Appellate Tribunal has partly allowed Viresh Joshi's appeal, directing Sebi to share more documents in the Axis Mutual Fund front-running investigation

Sebi refuses more data to US trading firm Jane Street as probe deepens

SAT admitted Jane Street's appeal against Sebi over alleged Bank Nifty manipulation, asking Sebi to reply in 3 weeks, with the next hearing set for November 18

Jane Street files appeal in SAT, says Sebi probe 'biased, pre-determined'

Jane Street has appealed to the Securities Appellate Tribunal against Sebi's July 3 order, alleging denial of crucial documents and bias in the Nifty Bank manipulation probe

Anil Ambani challenges market regulator Sebi's Rs 625 crore penalty order

Sebi also added that it will determine the quantum of illegal gains made by the alleged fraudulent schemes, and further action may be initiated accordingly

Two FPIs withdraw pleas from SAT, comply with Sebi disclosure mandate

Lotus & LTS have successfully rebalanced their portfolios, liquidated the non-compliant holdings, said sources

As Sebi's deadline looms, FPIs seek extension to liquidate assets

Deadline to not have holdings beyond specified thresholds ends on Monday

Securities tribunal gets new presiding officer, new technical member

Securities Appellate Tribunal was without a presiding officer or a judicial member for three months

Market regulator Sebi rejects NSE's settlement plea in co-location matter

The market regulator refunded Rs 300 crore to the exchange following the directions by the Supreme Court in the same case

Lack of full Bench takes a toll on SAT's functioning and efficiency

Industry players fear that if the Bench is not restored soon, it could hamper the fundraising and expansion plans of companies with pending litigation

SAT quashes Sebi order in 'dark fibre' case, slashes penalties on NSE

Tribunal also slashes penalties levied on Chitra and Anand Subramanian

SAT quashes Sebi's order against Mukesh Ambani, 2 others in RPL case

Matter pertains to alleged manipulative trading in November 2007

SAT raps Sebi for 'lackadaisical approach' in Kirloskar Industries matter

Tribunal asks market regulator to pay Rs 5 lakh for delay in complying with its order

SAT adjourns hearing on Zee promoter Punit Goenka's appeal to Sept 27

Arguing on behalf of Goenka, senior counsel Abhsihek Manu Singhvi pointed that there had been no loss to Zee and no gain to Goenka in the alleged matter

SAT quashes Sebi's fine of Rs 25 cr on Mukesh Ambani, Anil Ambani, others

The Securities Appellate Tribunal (SAT) on Friday set aside a Sebi order that imposed a Rs 25 crore penalty on industrialists Mukesh Ambani, Anil Ambani and other entities for non-compliance with takeover norms in Reliance Industries case. The order came after Ambanis appealed in the appellate tribunal against the capital markets regulator's directive. "We find that the appellant has not violated ... the SAST (Substantial Acquisition of Shares and Takeovers) Regulations. The imposition of penalty upon the appellant is without any authority of law. Consequently, the impugned order cannot be sustained and is quashed," the appellate tribunal said in its 124-page order. The case pertains to alleged failure to comply with takeover rules. Noting that the penalty amount following Sebi's order was deposited by the appellants, SAT directed the markets regulator to refund the amount of Rs 25 crore within four weeks. In April 2021, Sebi levied a fine totalling Rs 25 crore on Mukesh Ambani, A

IRDAI moves Supreme Court against SAT's order in Sahara-SBI case

SAT had last week stayed IRDAI's order directing transfer of policy liabilities, entire business as well as well as assets of Sahara to SBI