Securities And Appellate Tribunal

In its order, Sebi had directed the Warsis to deposit Rs 76.33 lakh, which has now been reduced by SAT to Rs 38.16 lakh

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Tribunal stays order restraining company and promoters from capital markets for 2 years

Bombay Dyeing & Manufacturing Company Ltd on Saturday said it will move to the Securities Appellate Tribunal against the Sebi's ruling that barred the company, its promoters from the securities markets for up to two years. Sebi, in its order, barred 10 entities, including Bombay Dyeing and its promoters -- Nusli N Wadia, Ness Wadia and Jehangir Wadia-- from the securities markets for up to two years and levied a fine totalling Rs 15.75 crore on them for involving in fraudulent scheme of misrepresenting the company's financial statements. Others banned and penalised by Sebi are -- Scal Services Ltd, a Wadia Group company, its then directors -- D S Gagrat, N H Datanwala Shailesh Karnik, R Chandrasekharan -- and Durgesh Mehta, who was Joint Managing Director and Chief Financial Officer of Bombay Dyeing. In a statement, a Bombay Dyeing spokesperson said that the company will be exercising its statutory right to appeal this order and believes it would get justice and stand ...

Sanjay Kirloskar-led Kirloskar Brothers Ltd refutes claim made by siblings Atul and Rahul that the firm paid Rs 274 crore in professional and legal expenses

The Securities Appellate Tribunal (SAT) has quashed the insider trading charges against Shreehas P Tambe when he was senior vice president of Biocon Ltd.

If the amount is deposited, then the markets regulator will not make further recovery, the Securities Appellate Tribunal (SAT) said in its order passed on July 8.

Tribunal directs Kochhar to file a fresh application before Sebi

The Securities Appellate Tribunal (SAT) has directed businessman Malvinder Singh and Malav Holdings to deposit 50 per cent of the penalty amount imposed by markets regulator Sebi within six weeks

The Securities Appellate Tribunal (SAT) has quashed a Sebi order that had barred Yashovardhan Birla and others from the securities market for two years for alleged mis-utilisation of the IPO proceeds. The Sebi, in October 2020, restrained Birla Pacific Medspa Ltd, Yashovardhan Birla and eight others from the securities market for two years for mis-utilisation of the IPO proceeds. Birla Pacific Medspa Ltd (BPML), which came out with offer documents in March 2011, had floated its over Rs 65-core initial public offering (IPO) in June 2011. The regulator, in its order, said that the company made misstatements in the prospectus in respect of the objects of the IPO. Pursuant to Sebi's order, Yashovardhan Birla and other individuals moved SAT. These individuals were the signatories to the prospectus of Birla Pacific Medspa. In its order dated August 26, the SAT said that appellants did not make any misstatement in the prospectus. It, further, said that the finding given by the Sebi that

The counsel argued that blaming the board of directors was unfair as preferential allotment price was not final and had to be approved by a special resolution

Sebi has moved SC against June 28 order of SAT which stayed its decision to bar Franklin Templeton from launching new debt schemes for two years and had asked the fund house to refund over Rs 512 cr

The Securities Appellate Tribunal (SAT) has restrained Sebi's Adjudicating Officer from proceeding till September 15 in a matter related to former ICICI Bank chief Chanda Kochhar.

The value of notices Sebi has sent out since getting recovery powers in 2013 is more than twice Mumbai's annual municipal budget

The market regulator dropped the case as the Securities and Appellate Tribunal (SAT), and then the Supreme Court, found no wrongdoing

Matter pertains to BRH Wealth Kreators share-pledge fiasco; SAT cites lender's financial strength while asserting it won't run away or become insolvent

Exchange made to shell out Rs 1 cr, former heads told to cough up Rs 25 lakh each

The private sector banks joined the petition on Tuesday and there was a lengthy hearing

It said that disposal of the complaints by the markets regulator was merely an eyewash

The new appointment would take four to six months