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SAT

securities appellate tribunal, mumbai
Case BriefsTribunals/Commissions/Regulatory Bodies

Explained| SAT order directing SEBI to refund Rs. 25 crore penalty deposited by Reliance for violating SAST Regulations

There is no such thing under the SAST Regulations that acquisition and holding of shares without making a public announcement is a violation.

Published on August 5, 2023August 18, 2023By Editor_4
Leave a comment2744 views
securities appellate tribunal, mumbai
Case BriefsTribunals/Commissions/Regulatory Bodies

Schneider Electric withdraws appeal against SEBI’s Order; SAT directs it to comply with the order

SEBI had directed the French company to either re-list on a nationwide stock exchange or provide an exit opportunity to its public shareholders through the delisting mechanism.

Published on July 28, 2023July 28, 2023By Editor_4
Leave a comment1900 views
SAT
Case BriefsTribunals/Commissions/Regulatory Bodies

SAT reverses SEBI’s order in Arshad Warsi’s pump and dump case

Securities Appellate Tribunal: In the instant appeal filed against the ex parte ad-interim order passed by the Whole Time Members (WTM) of

Published on April 3, 2023May 29, 2023By Editor_4
Leave a comment3909 views
SAT
Case BriefsTribunals/Commissions/Regulatory Bodies

SAT | Directions of debarment and the penalty imposed by Whole time Member held to be harsh and excessive ; Penalty reduced by 75%

    Securities Appellate Tribunal, Mumbai (SAT): While dealing with the appeal preferred by the appellants against the order dated 08-06-2021 of

Published on August 6, 2022August 6, 2022By Editor_4
Leave a comment2601 views
SAT
Case BriefsTribunals/Commissions/Regulatory Bodies

SAT| Shareholders can ratify Director’s Breach of Duty through a special resolution

Securities Appellant Tribunal, Mumbai: The Bench of Tarun Agarwala, J., Presiding Officer, and Meera Swarup, Technical Member, while allowing the appeals held

Published on August 5, 2022August 5, 2022By Editor_4
Leave a comment2792 views
Case BriefsTribunals/Commissions/Regulatory Bodies

Insider Trading | SEBI’s restriction on Infosys employees for trading securities lifted by SAT: Read 5 reasons why SAT lifted restrictions

Securities Appellate Tribunal, Mumbai (SAT): While lifting the restriction of buying or selling any securities, laid down by SEBI on employees of

Published on May 23, 2022May 23, 2022By Bhumika Indulia
Leave a comment3017 views
Legal RoundUpTribunals/Regulatory Bodies/Commissions Monthly Roundup

Tribunals/Regulatory Bodies/Commissions Monthly Roundup | November 2021

Here’s a run-through of all the significant decisions covered in the month of November 2021 under the Section of Tribunals/Commissions/Regulatory Bodies.

Published on December 2, 2021December 2, 2021By Bhumika Indulia
Leave a comment2607 views
Case BriefsTribunals/Commissions/Regulatory Bodies

SAT | ‘Reasonable opportunity to be heard’ to initiate inquiry is ‘unreasonable’:  Show cause notice is abundant while ‘opportunity’ is redundant

Securities Appellate Tribunal, Mumbai (SAT): The Coram of Justice Tarun Agarwala, (Presiding Officer) and Justice M.T. Joshi (Judicial Member), while dismissing the

Published on September 2, 2021September 2, 2021By Editor_4
Leave a comment3485 views
Tribunals/Regulatory Bodies/Commissions Monthly Roundup

Tribunals/Regulatory Bodies/Commissions Monthly Roundup | June 2021

Here’s a run-through of all the significant decisions covered in the month of June, 2021 under the Section of Tribunals/Commission/Regulatory Bodies. Armed

Published on June 30, 2021September 8, 2021By Bhumika Indulia
2 Comments2903 views
Case BriefsTribunals/Commissions/Regulatory Bodies

SAT | SEBI exonerated preferential allottees, exit providers and LTP contributors from manipulation | SAT terms it ‘cryptic’

Securities Appellate Tribunal (SAT): A Bench of Justice Tarun Agarwala SEBI(Presiding Officer) and M.T. Joshi (Judicial Member) allowed a few appeals and

Published on June 23, 2021July 31, 2021By Editor_4
Leave a comment2811 views
Case BriefsTribunals/Commissions/Regulatory Bodies

SAT | Oscillating Independent Director; SAT to determine independency of Pradip K. Khaitan, independent director of Dhunseri Ventures Ltd.

Securities Appellate Tribunal: The Bench of Justice Tarun Agarwala (Presiding Officer) and Justice M. T. Joshi (Judicial Member), reserved its order on

Published on June 4, 2021June 3, 2021By Editor_4
Leave a comment3408 views
Case BriefsTribunals/Commissions/Regulatory Bodies

SAT | Can SAT function without a Technical Member? Read the controversy raised by SEBI

Today, SEBI has raised an objection. Tomorrow a private litigant would raise a similar objection. It would be a never-ending process. This issue needs to be resolved on the judicial side as well.

Published on May 21, 2021June 4, 2021By Bhumika Indulia
Leave a comment3658 views
Case BriefsTribunals/Commissions/Regulatory Bodies

SAT | Separate penalties by the stock exchanges can be imposed | While positing, rejects appeal

Securities Appellate Tribunal (SAT): A Coram of Tarun Agarwala, J., (Presiding Officer) and M.T. Joshi, J., (Judicial Member) while dismissing an appeal

Published on March 22, 2021April 23, 2021By Editor_4
Leave a comment3093 views
Case BriefsTribunals/Commissions/Regulatory Bodies

SAT | The strategy of ‘momentum trading’ is about creating its own momentum inimical to the interest of the securities market and is violative of PFUTP regulations

Securities Appellate Tribunal (SAT):The Bench of Justice Tarun Agarwala (Presiding Officer), Justice M. T. Joshi and Dr C. K. G. Nair Member

Published on December 23, 2020January 15, 2021By Editor_4
Leave a comment2290 views
Case BriefsHigh Courts

SAT | SEBI has no power under S. 15 I of SEBI Act in view of S. 14 IBC 2016; Appeal allowed

Securities Appellate Tribunal (SAT): Justice Tarun Agarwal quashed the order under challenge in the present appeal as Adjudicating Officer has no power

Published on October 22, 2020November 6, 2020By Editor_4
Leave a comment3581 views
Case BriefsTribunals/Commissions/Regulatory Bodies

SAT | S. 15J SEBI Act, 1992 may not apply in adjudication proceedings involving penalty under S. 15A SEBI Act, 1992 while determining the quantum of penalty, Appeal allowed

Securities Appellate Tribunal (SAT): Justice Tarun Agarwal allowed the appeal and substituted the penalty imposed by the impugned order with a warning.

Published on October 21, 2020October 23, 2020By Editor_4
Leave a comment4230 views
Case BriefsHigh Courts

Bom HC | Situations where principles of natural justice require an opportunity of hearing, would it mean a mandatory personal hearing? HC explains it’s position in light of SEBI Regulations

Bombay High Court: A Division bench of Nitin Jamdar and Milind Jadhav, JJ., observed that there is no duty on the SEBI Board

Published on October 19, 2020October 23, 2020By Bhumika Indulia
Leave a comment4431 views
Case BriefsSupreme Court

SC dilutes unwarranted observations made by SAT casting aspersions on SEBI’s role in disposing of complaint connected with Times Group

Supreme Court: A Division Bench of Arun Mishra and Indira Banerjee, JJ., diluted certain adverse observations made by the Securities Appellate Tribunal

Published on January 30, 2020February 3, 2020By Bhumika Indulia
Leave a comment4897 views
Op EdsOP. ED.

SEBI Circulars cannot be challenged in SAT: Rules Supreme Court of India

By Mr. Audip Ghosh, Senior Associate Partner at ROYZZ & CO. He can be contacted at audip[at]royzz[dot]com.

Published on April 7, 2017April 6, 2021By Prachi Bhardwaj
Leave a comment9794 views

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