Page 4 - Securities Appellate Tribunal

AT-1 bond mis-selling case: SAT gives interim relief to YES Bank

In April, Sebi had slapped a penalty of Rs 25 crore on it and 3 executives

SAT grants interim stay on Sebi's order against Yes Bank in AT-1 bond case

The Securities Appellate Tribunal (SAT) has granted an interim stay on markets regulator Sebi order that had slapped a penalty of Rs 25 crore on Yes Bank in a case of mis-selling AT-1 bonds. Apart from penalising Yes Bank, Sebi in its order in April, imposed a fine of Rs 1 crore on Vivek Kanwar, who was the head of the private wealth management team, and Rs 50 lakh each on Ashish Nasa and Jasjit Singh Banga. The two individuals were part of the private wealth management team at the time of the violation. Sebi alleged misrepresentation by the bank and certain officials for not informing investors of the risk involved while selling the AT -1 (Additional Tier-1) bonds in the secondary market. While granting interim relief to Yes Bank, SAT said it has "stayed the effect and operation of the impugned order". This is subject to an undertaking by Yes Bank that in the event of failure of the appeal, the lender would pay the penalty amount within two weeks from the date of the order, SAT s

NSE shares soar over 25% on boost from Securities Appellate Tribunal relief

The tribunal allows the exchange to use Rs 6,000 cr parked in an escrow

SAT rejects Sebi view, rules tribunal can function sans technical member

Requests government for faster filling up of vacancies, judicial clarity

Sebi objects to Securities Appellate Tribunal missing key member

Tribunal has taken opinion of senior counsel in the matter

Delisting issue: 'Reviewing court order,' says Schneider Electric

Company had approached Bombay High Court after stock market regulator's January order

Top headlines: Amazon to manufacture locally, SAT stays SEBI ban on Biyani

Amazon said it will begin making devices in India for the first time. More on that story and other headlines this evening.

SAT sets aside Sebi's penalty on SBI, Bank of Baroda, LIC in UTI AMC case

Sebi had in August levied the fine on the three firms for failing to reduce their stakes to below 10 per cent in UTI AMC within the stipulated timeline

SAT dismisses Shivinder Singh's plea against Sebi's loan recall order

SAT said Singh was a director and promoter in both the companies when the alleged diversion of funds took place

SAT issues notice to Sebi on appeal against order in STP matter: 63 Moons

Sebi said that 63 Moons has been offering STP services without its approval

Securities Appellate Tribunal stays Sebi's Rs 6-crore fine on NSE

The fine relates to NSE allegedly investing in six companies unrelated or non-incidental to the stock exchange business

SAT extends suspension of physical hearing till Dec 2 amid Covid-19

The Securities Appellate Tribunal (SAT) on Friday extended suspension of physical hearing till December 2 amid the coronavirus pandemic.

SAT quashes Sebi's order directing Prabhat Dairy to deposit Rs 1,292 crore

"The direction of the WTM to deposit a sum of Rs 1,292.46 crore is wholly arbitrary and has been passed without any application of mind," the tribunal said

SAT dismisses RIL appeal against Sebi order seeking payment of Rs 447 cr

While dismissing RIL's appeal, SAT directed the company to pay Rs 447 crore along with a simple interest of 12 per cent from November 2007 within 60 days. The amount works out to nearly Rs 1,150 crore

Merger of insurers: Irdai releases draft norms on shareholder compensation

Says those whose rights against the acquiring insurer have been reduced, must be paid compensation based on the residual value of assets

SAT extends suspension of physical hearing till November 20 amid Covid-19

Interim orders, if any, which are operational would remain in force till the next date of hearing, according to a notification

SAT clearing more cases now than before Covid-19 pandemic, shows data

August and September each saw over 80 appeals to the SAT

SAT extends suspension of physical hearing till Oct 29 amid Covid-19

Interim orders, if any, which are operational would remain in force till the next date of hearing, according to a notification.

Tepid response to Federal Mogul OFS, bids received for less than 10% shares

Market participants said high valuation and low liquidity at the counter was behind the poor response

Securities Appellate Tribunal suspends judicial work till Oct 1 amid Covid

SAT has suspended judicial work till October 1 amid the coronavirus pandemic.