Page 2 - Securities Appellate Tribunal

SAT quashes Sebi order on Future Corporate Resources, Kishore Biyani

In an order issued in February 2021, the market regulator had restrained them from accessing the securities market for different periods

Karvy broking case: SAT directs Sebi, NSE, NSDL to compensate lenders

Sebi, NSE, NSDL directed to compensate lenders for shares transferred with 10% interest

Streamlining the disciplinary process

There is a need for consistency in the adjudicating frameworks of Sebi and other market regulators to ensure fair financial market outcomes

Anugrah Stock & Broking case: SAT quashes Edelweiss Custodial appeal

SAT has upheld the order by the committee

Sebi chief deeply regrets failure to de-freeze shares in Kirloskar case

Sebi chief Madhabi Puri Buch on Friday said the capital markets regulator deeply regrets the failure to de-freeze the shares held by members of the Kirloskar family in Kirloskar Industries Ltd (KIL) despite the SAT's directive. "I think what happened in terms of delay in de-freezing accounts was unacceptable. Whatever have been the cause and root cause, communications with the depository etc., Sebi was responsible, Sebi was accountable, we deeply regret what happened," Buch told reporters at the sidelines of the CII Global Economic Policy Forum here. Further, she said that the Securities and Exchange Board of India (Sebi) has already initiated a full process review in this regard. "Within 30-45 days. We will revamp the process. So that risk of this happening again is completely minimised," she added. The comments came after the Securities Appellate Tribunal (SAT) pulled up Sebi on Monday for failing to de-freeze the shares held by members of the Kirloskar family in Kirloskar ...

SAT sets aside market regulator Sebi's order against IIFL Securities

Sebi alleged that IIFL Securities failed to segregate clients' funds and mixed its own funds with it

SAT partially upholds market regulator Sebi order in Deccan Chronicle case

In May 2022, Sebi had issued an order alleging manipulation in financials, lapses in buyback procedures, and failure to submit disclosures on material information

Relief for Zee Entertainment's Punit Goenka as SAT sets aside Sebi's order

With this, Goenka can now be appointed as the Managing Director (MD) of the merged entity

SAT reserves decision on Punit Goenka's appeal against Sebi order

Sebi counsel assures court of completing part investigation by November

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