Page 5 - Securities Appellate Tribunal

Securities Appellate Tribunal sets aside Sebi's Rs 7 lakh penalty on NHAI

The Securities Appellate Tribunal (SAT) has set aside a Sebi order, which imposed a penalty of Rs 7 lakh on National Highways Authority of India for the delay in filing financial results

A tale of two competing delays

By upholding a Sebi order on delayed disclosures by a bank, SAT has clarified a host of vexing issues

SAT backs Sebi's fresh show-cause notices to rating agencies in IL&FS case

Some rating agencies moved the tribunal seeking a stay on the second show-cause notices issued by Sebi in January 2020

Securities Appellate Tribunal to remain closed till July 17 amid Covid-19

Earlier, the tribunal had said it would remain closed till June 30

Refund money or pay interest: Securities Appellate Tribunal directs Sebi

Sebi had, a year ago, imposed penalty of Rs 600,000 on an individual for violation under the Prohibition of Fraudulent and Unfair Trade Practices

Securities Appellate Tribunal to remain closed till June 30 due to Covid-19

The tribunal will function from July 1 between 11.30 am and 4.30 pm and urgent cases will be heard during July 1-3

Securities Appellate Tribunal to restore physical hearing in phased manner

The tribunal is closed till May 15 in view of the nationwide lockdown announced by the government to prevent the spread of coronavirus

It's the incentives, stupid

The most important post-mortem required after the YES Bank crisis is about flawed incentives of bankers and officials

SAT upholds Sebi decision to recover over Rs 300 cr from Samruddha Jeevan

The recovery proceedings were initiated against these entities after they failed to pay over Rs 300 crore which was due to investors.

SAT directs Irdai to recalculate unlawful gains in SBI Life Insurance case

In a single premium policy, the premium for the entire policy is collected in advance and agents can get a commission of 2 per cent under the plan

Pass fresh order in Religare Finvest's fund diversion matter: SAT to Sebi

SAT has directed RFL to maintain its assets worth Rs 200 crore for a period of three months

SAT denies relief to Axis Bank in Karvy case, asks it to approach Sebi

Lender had approached tribunal seeking shares pledged by Karvy to it be unfreezed, saying the clients who owned the securities owed money to Karvy and therefore the pledge was good in law

BMA clients demand relief from SAT, stage protests outside Sebi office

Their complaint stated about 45,000 investors had been affected by the alleged fraud

Co-location case: Sebi needs to prove basis for disgorgement, NSE tells SAT

The counsel argued that the exchange should have also been given chance to explain its position on the disgorgement order

No question of turf wars, working in the interest of investors: Sebi chief

In November, the Supreme Court stayed a SAT order which had held that Sebi does not have the power to bar auditors

SAT asks NSE to take a decision on Karvy's licence suspension by Friday

This comes after Karvy moved to SAT against the NSE's directive which suspended the broker's licence on Monday due to non-compliance of regulatory provisions of the exchange

Karvy Stock Broking moves SAT against Sebi order; hearing on Friday

Karvy will be represented by Vikram N of Visesha Law Services, according to the cause list put out by SAT.

PwC-Satyam case: SC restores Sebi's power to restrain erring auditing firms

The apex court move comes as a big relief to Sebi as the SAT order had led to jurisdictional ambiguity

Reliance Petroleum case: RIL begins arguments against Sebi order at SAT

Sebi ruling was related to alleged fraudulent trading in the F&O space in the securities of Reliance Petroleum

Reliance Petroleum case: SAT to hear RIL plea against Sebi order on Nov 13

The Securities Appellate Tribunal on Wednesday is likely to hear an appeal by Reliance Industries Ltd against a Sebi order that had barred the company and 12 of its promoter group entities from dealing in equity derivatives. The watchdog had barred the company and the entities for alleged unfair trade practices related to the securities market. Through an order on March 24, 2017, Sebi had also directed RIL to disgorge Rs 447 crore along with interest. The total amount of disgorgement, including interest, was around Rs 1,952 crore. SAT would hear RIL's appeal against the Sebi ban on Wednesday, as per the tribunal's cause list. Noted lawyer Harish Salve would be appearing for RIL. The case dates back to March 2007, when Mukesh Ambani-led RIL decided to sell 5 per cent stake in Reliance Petroleum, a listed subsidiary which was later merged with RIL in 2009. Sebi ruling was related to alleged fraudulent trading in the F&O space in the securities of Reliance Petroleum. RIL and the 1