Page 2 - Securities Appellate Tribunal
SAT relief for news broadcaster NDTV, fine slashed to Rs 10 lakh
The tribunal also slashed penalties imposed by the market regulator terming them 'excessive'
 "SAT relief for news broadcaster NDTV, fine slashed to Rs 10 lakh")
PNB Housing, directors shell out Rs 73 lakh to settle case with Sebi
The payment was made under settlement rules, which allow an alleged wrongdoer to settle a matter without admitting or denying the guilt
 "PNB Housing, directors shell out Rs 73 lakh to settle case with Sebi")
SAT directs Sebi to conduct enquiry into Cairn UK Holdings dividend case
The appellate tribunal's order, dated July 5, came after an appeal was filed by Cairn UK Holdings Ltd against the Sebi order
 "SAT directs Sebi to conduct enquiry into Cairn UK Holdings dividend case")
SAT gives ICEX another chance, quashes withdrawal of permanent recognition
Tribunal says 'the ship may be sinking but the leakages can be plugged', pulls up Sebi for concluding exit of top officials would necessarily lead to closure of the exchange
 "SAT gives ICEX another chance, quashes withdrawal of permanent recognition")
SAT stays Sebi's notices issued to BSE, NSE in Karvy Stock Broking case
The Securities Appellate Tribunal (SAT) on Thursday stayed Sebi's demand notices issued to exchanges, BSE and NSE, in a case related to Karvy Stock Broking Ltd (KSBL), whereby they had to pay Rs 5 cr
 "SAT stays Sebi's notices issued to BSE, NSE in Karvy Stock Broking case")
'Not fit & proper': SAT scraps Sebi order against 5 brokers in NSEL case
Market regulator asked to conduct a fresh investigation into the matter and pass an order within six months.
NSE case: SAT gives more time to Chitra Ramkrishna to deposit Rs 2 crore
Passing a fresh order on May 31, SAT said "no ground has been made out for modifying our order dated 11th April, 2022. The application is rejected".
 "NSE case: SAT gives more time to Chitra Ramkrishna to deposit Rs 2 crore")
SAT grants interim relief to Anand Subramanian in NSE Himalayan Yogi case
Directs Subramanian to deposit Rs 60 lakh within four weeks
 "SAT grants interim relief to Anand Subramanian in NSE Himalayan Yogi case")
SAT grants interim relief to ex-NSE chief Chitra Ramkrishna in Yogi matter
Tribunal has asked her not to deposit Rs 2 crore in six weeks. If deposited, the balance amount will not be recovered during appeal pendency
 "SAT grants interim relief to ex-NSE chief Chitra Ramkrishna in Yogi matter")
SAT sets aside Rs 1-cr penalty imposed on Brickwork Ratings by Sebi
The tribunal reduced the penalty to Rs 10 lakh and held certain findings in Sebi's order cannot be sustained.
 "SAT sets aside Rs 1-cr penalty imposed on Brickwork Ratings by Sebi")
TV anchor gets interim relief as SAT stays Sebi order on Rs 3.9 cr deposit
Sebi has banned Hemant Ghai, his wife and mother from accessing capital markets for allegedly indulging in fraudulent trading activity
 "TV anchor gets interim relief as SAT stays Sebi order on Rs 3.9 cr deposit")
Securities Appellate Tribunal dismisses Dish TV's appeal against Sebi order
SAT has disposed of Dish TV India Ltd's plea against a Sebi order that directed the company to disclose the results of its annual general meeting (AGM) that was held on December 30, 2021.
 "Securities Appellate Tribunal dismisses Dish TV's appeal against Sebi order")
SAT quashes Sebi order against HDFC Bank for invoking pledged shares
Market regulator had fined lender Rs 1 cr for flouting directions in an interim order dated October 7, 2019; also directed bank to deposit Rs 159 cr along with 7% interest
 "SAT quashes Sebi order against HDFC Bank for invoking pledged shares")
SAT dismisses Sebi order against HDFC Bank in BRH Wealth Kreators case
In its order on Friday, SAT said the bank was justified in invoking the pledge made by the broker BRH
SAT pulls up Sebi officer for inordinate delay in issuing show cause notice
The Securities Appellate Tribunal has pulled up an adjudicating officer of Sebi for "inordinate delay" in issuing a show cause notice in a matter related to Shriram Insight Share Brokers Ltd.
How often have SAT orders gone against Sebi? Numbers tell half the story
Instances in the past, of a delay in appointments ahead of the retirement of existing members at SAT have had an impact on the number of appeals it has allowed against the market regulator
 "How often have SAT orders gone against Sebi? Numbers tell half the story")
SAT asks Sahara group firm, ex-directors to deposit Rs 2,000 cr with Sebi
The Securities Appellate Tribunal asked Sahara group firm Sahara India Commercial Corporation Ltd and its then directors including Subrata Roy to deposit Rs 2,000 crore with Sebi within four weeks.
Kotak Mahindra AMC gets relief from SAT; tribunal partly stays Sebi order
Sebi, in August, had asked the AMC to refund a part of the investment management and advisory fees collected from the unit holders of the six Fixed Maturity Plan (FMP) schemes
Centre looks to fill SAT vacancies as tribunal runs with just two members
One position has been lying vacant since May 2019, the other, since April 2021, as per a circular floated by the government on October 2
Capacity constraint
Vacancies in tribunals will affect business environment
