Elara had sought a status quo from the SAT and pleaded that there is risk of appropriation and write off by the company.
The change of date followed the Maharashtra Government’s revision of the holiday calendar, which shifted holiday on 8th September in place of 5th September 2025 for Mumbai City and Mumbai Suburbs.
The depository applied for a settlement on March 12, 2024, and then filed a revised application on August 2, 2024.
The fraud was never disclosed to the shareholders of Omaxe, which misled them to remain invested in its shares or deal in its securities.
The appellate has scheduled the next hearing on August 2.
Sebi had stated that Linde India must assess the materiality of future related party transactions based on the total value of transactions conducted
SEBI had imposed penalties on these entities in 2022 for manipulating Ruchi Soya stock in 2012.
The market regulator had asked Vedanta India, earlier known as Cairn India Ltd, to pay Cairn UK Holdings Limited (CUHL) Rs 77.62 crore plus a simple interest of 18 percent per annum, for delayed payment of dividend
A bench of SC comprising Justices Sanjiv Khanna and Dipankar Dutta further directed Ramakrishna to deposit 50 percent of the Rs. 25 lakh penalty to stay the operation of the SAT order.
While the SAT's direction was to SEBI, National Stock Exchange (NSE) and National Securities Depositories Limited (NSDL), SC has granted interim relief only to SEBI. The apex court will hear pleas by NSE and NSDL for interim reliefs on January 29.
ZEEL chief executive Punit Goenka and his father Subhash Chandra huffed and puffed and managed to blunt a series of adverse rulings against them by market regulator SEBI and company law adjudicator NCLT at the appellate level. That, however, did not prevent Sony Pictures from calling off its $10-billion merger deal with ZEEL. Here’s a look at the various cases.
A recent SAT order had exposed the regulator, the depository and the exchange to a financial liability of over Rs 1,400 crore.
This comes barely a month after the tribunal commented on the regulator's lackadaisical approach in the Kirloskar matter
SAT in its order asked the 3 bodies to return shares pledged by Karvy Stock Broking to the brokerage's lenders or compensate the lenders with the value of the underlying securities along with an interest of 10% per annum
The tribunal also reduced the penalty imposed on the brokerage from Rs 1 crore to Rs 20 lakh
The tribunal had quashed the regulator's order, freezing the Kirloskars' KIL shares, in October 2022
During the course of the hearing the SC bench led by Justice Sanjiv Khanna criticised the market regulator for appealing against every order of the SAT that has gone against them.
The regulator had asked the fund to wind up after investors complained about not being given an exit
On October, when SAT pronounced its order, SEBI's lawyers asked the appellate tribunal to stay its own order till they approach the Supreme Court. However, SAT refused to pass any such orders.
The SAT order lifted the ban on Goenka from holding key managerial positions, but said that if anything comes out against him in the investigations, SEBI will deal with it according to law
SAT had reserved Punit Goenka's appeal for judgment on September 27
SAT reserved the case for judgment on September 27. The appellate tribunal will pronounce its order in the case after over a month since it was reserved.
If the investigation is not finished by then and a showcause notice is not issued within the time prescribed, then the appellants (Warsi and others) will be permitted to trade in Sadha’s scrip and withdraw an amount held in an escrow account, SAT said
In 2020, Sebi had passed an order against the two promoters of NDTV
The ruling in 2018 came after the SAT in January 2017 had set aside the over Rs 1 crore penalty imposed by Sebi on Apollo Tyres in the matter and had directed the regulator to pass a fresh order.