Securities Appellate Tribunal

SAT dismisses plea by Salasar Stock Broking in the Ketan Parekh case

Salasar will have to make the full deposit of wrongful gains in the alleged front-running matter

SAT upholds Sebi order against SME firm Trafiksol ITS Technologies

Regulator had directed refund of money to IPO investors

Corporate irregularities can impact economy at large: Justice Kumar

Justice Kumar added that regular audits and proper disclosures are essential to avoid instances of poor corporate governance, which may lead to the breakdown of a company

SAT admits Anil Ambani plea in RHFL case, directs 50% deposit of penalty

The tribunal has directed Ambani to deposit 50 per cent of the penalty amount and asked Sebi to file a reply in the matter within four weeks

SAT stays Sebi order barring Omaxe, others from securities market for 2 yrs

The Securities Appellate Tribunal (SAT) has stayed a Sebi order that barred realty firm Omaxe, its Chairman Rohtas Goel, Managing Director Mohit Goel and others from the securities market for two years for misrepresentation in the company's financial statements. The latest order came after Omaxe and others challenged the order passed by the Securities and Exchange Board of India (Sebi) on July 30. In its ruling on October 1, the appellate tribunal said, "direction at paragraphs No. 41(1) and (2) shall remain stayed, subject to deposit of penalty amount by the appellant within four weeks". Paragraphs No 41(1) and (2) pertain to securities market ban and prohibition from holding any position as key managerial personnel of any other listed company imposed on individuals by Sebi. Sebi, in its ruling, restrained Omaxe, Rohtas Goel, Mohit Goel and three others -- Sudhangshu S Biswal, Arun Kumar Pandey, and Vimal Gupta -- from the securities markets for two years. Additionally, these fiv

Supreme Court refuses relief on valuation probe against Linde India

Sebi had directed NSE to carry out the valuation of the business by the company

SAT dismisses Linde India plea against market regulator Sebi's order

Directs Sebi and NSE to maintain confidentiality on price-sensitive information

Checks and balances challenge: How to strengthen regulators' accountability

Parliament's oversight of statutory regulatory authorities is weak, and strengthening it is both necessary and desirable

Linde India seeks SAT relief on valuation exercise ordered by Sebi

Market regulator had directed NSE to appoint a valuer in its interim order in April

SAT stays Irdai order against Religare's Saluja, Care Health in ESOP case

However, chairperson Saluja prohibited from exercising pending ESOPs

SAT directs Religare to comply with Sebi directions on Burman open offer

Told to file application with RBI, Irdai by July 22 along with concerns on 'fit & proper' status of Burmans

CJI advises Sebi, SAT to be cautious, pitches for more tribunal benches

Chief Justice of India D Y Chandrachud on Thursday advised market regulator SEBI and the Securities Appellate Tribunal (SAT) to exercise caution amid a significant surge in equity markets and pitched for more tribunal benches to ensure that the "backbone is stable". Inaugurating the new SAT premises here, CJI Chandrachud pitched for authorities to consider opening up new benches of the SAT given the higher workloads because of higher quantum of transactions and newer regulations. Referring to newspaper articles calling the crossing of the 80,000 points milestone by the BSE as an ecstatic moment, where India is entering a "stratospheric domain", the CJI pointed out that such events emphasize the need for regulatory authorities to ensure that everyone holds their "balance and nerves" amid the wins. "The more you see the surge in the stock market, the greater the role, I believe, for SEBI and SAT, as institutions which will exercise caution, celebrate the successes but at the same time

SAT stays Sebi order against former PTC India CMD Rajib Kumar Mishra

The Securities Appellate Tribunal (SAT) has stayed a Sebi order that restrained former PTC India chairman and managing director Rajib Kumar Mishra from being a director in a listed entity for six months in a matter pertaining to corporate governance lapses. Following the order passed by markets regulator Sebi on June 12, Mishra ceased to be the chairman and non-executive director of PTC India Financial Services Ltd (PFS) and CMD of PTC India Ltd. PFS, promoted by PTC India Ltd, is a non-deposit-taking NBFC classified as an infrastructure finance company. Giving interim relief to Mishra SAT in its order on Friday, said, "The operation of the impugned order shall remain till the next date of hearing subject to deposit of 50 per cent of the penalty amount by the appellant with the Sebi within two weeks. The markets regulator, through its order, prohibited Mishra from "holding any position of director or key managerial personnel in any listed company or any intermediary registered with

SAT nixes Sebi order on Linde India, asks firm to appear for document check

Market regulator had asked NSE to do a valuation of the company and its related party transactions

Zee fund diversion case: Chandra suppressed material facts, Sebi tells SAT

The market regulator is investigating the alleged fund diversion by Chandra and his son Punit Goenka, who is also the managing director and chief executive officer of Zee

Subhash Chandra 'not cooperating' with investigation, says Sebi

SAT to hear the matter next on March 8, gives 10 days to Sebi to file reply

Supreme Court issues notice in Chitra Ramkrishna's dark fibre case

The court has directed Ramkrishna to deposit half of the Rs 25 lakh penalty to stay the operation of the SAT order. The case will likely be heard again in March

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

SC stays SAT order in shares pledged by Karvy Stock Broking to lenders

Sebi filed an appeal in the Supreme Court on December 30 last year against the SAT order of December 20

SAT refuses stay on market regulator Sebi's order against Brightcom

Sebi had also barred 21 others, including ace investor Shankar Sharma, from diluting their stakes in the company