Page 3 - Securities Appellate Tribunal

Sebi tells Brickwork to appoint professional CEO, strengthen board

Brickwork will also have to ensure their chief regulatory officer, analysts and persons involved in the rating process undergo in-depth training

Rana Kapoor gets relief from SAT; Bain Capital sells 2.82% in L&T Finance

Bain Capital sells 2.82% in L&T Finance

SAT refuses to give interim relief to Punit Goenka, lists matter for Sep 8

The Securities Appellate Tribunal (SAT) has refused to give interim relief to Punit Goenka, former chief of Zee Entertainment Enterprises Ltd, against a Sebi order that barred him from holding key positions in four Zee group firms and in the merged entity of ZEEL and Sony Pictures Networks India. "After hearing the learned senior counsel for the parties at some length, we are of the opinion that the matter has to be decided finally. We, consequently, direct the respondent (Sebi) to file a reply by Monday, September 4, 2023," the bench of Presiding Officer Justice Tarun Agarwala and Technical Member Meera Swarup said in their order passed on Wednesday. The matter will be listed for final disposal on September 8, the appellate tribunal said in its order uploaded on its website on Thursday. Goenka moved SAT last week challenging capital markets regulator Sebi's confirmatory order passed on August 14. In its order, Sebi restrained Goenka and his father Subhash Chandra from holding the

SAT refuses to interfere, grant any immediate relief in Eros matter

Directs firm to file a reply within three weeks in case involving alleged siphoning of funds

SEBI report: Number of appeals filed in SAT rose to record 1,192 in FY23

The Securities and Exchange Board of India (Sebi) investigated 144 cases in the financial year 2022-23 (FY23) compared to 59 in the previous year

Sebi's success rate before Securities Appellate Tribunal improves

The regulator saw a remarkable drop in the number of pending cases -- from 426 at the end of FY22 to just 160 in FY23

SAT declines to grant any immediate relief to Yes Bank's Rana Kapoor

Refusing to grant a stay on the notice, the tribunal pointed out that there was no urgency and asked the original matter to be heard as scheduled previously

SAT agrees to modify its directions in case involving Zee promoters

Allows regulator to appoint authorized officer higher in position than WTM to decide on the matter

Schneider Electric withdraws appeal from SAT against Sebi's order

Company will have to follow Sebi's January 2021 directions within six months

SAT sets aside Sebi AO order in NSE colo matter, sees nothing new in it

Tribunal was comparing latest order with previous one for which it issued directions in Jan; quashes fine imposed by Sebi officer, says same violation cannot suffer two penalties

SAT rejects Zee Entertainment promoters' appeal against Sebi order

Tribunal directs founders to respond within two weeks; asks Sebi to appoint new WTM to probe the matter

SAT stays Sebi's order restraining IIFL Securities from taking new clients

In an interim relief to IIFL Securities, the Securities Appellate Tribunal (SAT) has stayed market regulator Sebi's order that banned the broking house from onboarding new clients for two years. The order came after IIFL Securities, earlier known as India Infoline Ltd, filed an appeal against the order passed by the Securities and Exchange Board of India (Sebi). In an order uploaded on its website on Wednesday, the appellate tribunal has stayed the order passed by Sebi. The matter has been listed for final disposal on August 23. The capital markets regulator, on June 19, prohibited IIFL Securities from taking up new clients for two years for alleged mis-utilisation of client funds. In its order, Sebi found that IIFL failed to segregate its own funds from clients' funds, misused the funds of its credit balance clients for settlement of its proprietary trades as well as the trades of its debit balance clients from April 2011 to June 2014, and the said violations were again noticed .

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SAT reserves order on Zee Promoter's appeal in fund diversion case

Tribunal will soon pronounce if the bar on Chandra & Goenka from holding key positions can be lifted

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SAT adjourns Zee Entertainment-Sebi matter; next hearing on Tuesday

Refuses to take on record additional affidavit filed by Sebi in the matter

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SAT to take up Zee Ent promoter plea against Sebi order on June 15

'Principles of natural justice' not followed, say legal representatives

SAT quashes 'unjustified' Sebi order nixing Brickwork Ratings licence

Directs regulator to issue fresh order on penalty while upholding certain violations

SAT stays ban on Samir Jain, wife, and six others in PNB Finance case

In two separate orders, Sebi alleged that PNBFIL and CCIL did not make adequate disclosures about their promoter entities