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  • PNB Housing-Carlyle deal: SEBI moves Supreme Court against SAT order, firm says examining the appeal Sep 02, 2021 10:32 PM IST

    PNB Housing-Carlyle deal: SEBI moves Supreme Court against SAT order, firm says examining the appeal

    The SAT had last month given a split verdict in the appeal filed by PNB Housing Finance against SEBI over the proposed Rs 4,000 crore investment by Carlyle Group.

  • PNB Housing Finance Vs SEBI: What next on the Carlyle deal? Aug 09, 2021 07:26 PM IST

    PNB Housing Finance Vs SEBI: What next on the Carlyle deal?

    Earlier, SEBI had directed PNBHFL to halt the proposed deal until the company undertakes a fresh valuation from an independent valuer. Later, the SAT allowed the company to conduct the AGM but asked it to not announce the results of the AGM till a final order. SAT's order is pending in this case.

  • Franklin Templeton: Supreme Court says SAT direction of Rs 250 crore deposit is “fair” Jul 26, 2021 02:45 PM IST

    Franklin Templeton: Supreme Court says SAT direction of Rs 250 crore deposit is “fair”

    SAT had found the SEBI penalty on FT MF as ‘excessive’ as it did not account for the expenses borne by the fund house on managing the six wound-up schemes.

  • SEBI justifies intervention in PNB Housing-Carlyle deal, citing need for independent valuation Jul 16, 2021 05:37 PM IST

    SEBI justifies intervention in PNB Housing-Carlyle deal, citing need for independent valuation

    The regulator told the Securities Appellate Tribunal that it had to step in before the EGM to protect the interests of minority shareholders

  • SEBI tells appellate tribunal it can intervene in Rs 4,000-crore Carlyle-PNB Housing Finance deal Jul 13, 2021 07:04 PM IST

    SEBI tells appellate tribunal it can intervene in Rs 4,000-crore Carlyle-PNB Housing Finance deal

    Regulator tells appellate tribunal that Companies Act empowers it to intervene in the deal, and the ICDR norms are meant to protect the interests of minority shareholders as well. If the article of association mentions independent valuation, why have they not undertaken independent valuation, SEBI asks.

  • Has complied with all regulations in Rs 4,000-crore Carlyle deal, PNB Housing tells tribunal Jul 12, 2021 06:32 PM IST

    Has complied with all regulations in Rs 4,000-crore Carlyle deal, PNB Housing tells tribunal

    The housing finance company tells Securities Appellate Tribunal that SEBI was focusing more on the articles of association, which is an agreement between two shareholders. Housing financier cites a similar deal by LIC Housing Finance and Barbeque Nation to bolster its case.

  • SAT to hear matter on PNB Housing-Carlyle deal next week Jul 06, 2021 11:34 AM IST

    SAT to hear matter on PNB Housing-Carlyle deal next week

    PNB Housing had filed an appeal before the SAT against the letter issued by the Securities and Exchange Board of India last month, requesting it not to go ahead with the proposal until due diligence was done.

  • Why SAT has stayed SEBI order against Franklin Templeton? Jun 28, 2021 05:29 PM IST

    Why SAT has stayed SEBI order against Franklin Templeton?

    While not a final order, SAT made its initial observations following Franklin Templeton’s appeal.

  • SAT allows Franklin Templeton to offer new debt schemes, cuts disgorgement amount Jun 28, 2021 02:24 PM IST

    SAT allows Franklin Templeton to offer new debt schemes, cuts disgorgement amount

    SAT grants partial relief to fund-houses from SEBI order, will pass final order on August 30.

  • SAT to pass order in Franklin Templeton case on June 28 Jun 25, 2021 06:18 PM IST

    SAT to pass order in Franklin Templeton case on June 28

    The fund house had challenged the market regulator’s directives following the closure of six debt funds last year.

  • PNB Housing Finance EGM: Minority shareholders lack votes to halt Carlyle deal; PNB vote critical Jun 22, 2021 01:57 PM IST

    PNB Housing Finance EGM: Minority shareholders lack votes to halt Carlyle deal; PNB vote critical

    PNB Housing’s EGM on a special resolution to approve the Carlyle deal needs 75 percent majority of those present and voting. The parties to the deal – Punjab National Bank and private equity firms Carlyle, General Atlantic and Ares SSG – own an 85 percent stake in the company

  • Explained | Why SEBI stalled the PNB Housing Finance-Carlyle deal, what happens next and more Jun 22, 2021 10:55 AM IST

    Explained | Why SEBI stalled the PNB Housing Finance-Carlyle deal, what happens next and more

    What is the controversy over the Rs 4,000-crore deal about? If you are wondering what the fuss is about, below is a primer answering all the big questions.

  • Relief for Yes Bank in AT-1 bonds case: Securities Appellate Tribunal imposes interim stay on SEBI penalty order May 24, 2021 12:12 PM IST

    Relief for Yes Bank in AT-1 bonds case: Securities Appellate Tribunal imposes interim stay on SEBI penalty order

    SAT has directed Sebi to file a reply within 4 weeks and three weeks thereafter, Yes Bank is required to file a rejoinder. The case has been posted for admission and final disposal on 31st July 2021

  • SAT sets aside Sebi's order in Morepen Laboratories case Apr 26, 2021 10:31 PM IST

    SAT sets aside Sebi's order in Morepen Laboratories case

    Sebi, in September 2019, had prohibited Morepen Laboratories from the capital market for one year for making misleading disclosures about the issuance of global depository receipts (GDRs) way back in 2003.

  • 63 Moons Technologies says SAT reserves judgement on its challenge to SEBI order Feb 22, 2021 06:52 PM IST

    63 Moons Technologies says SAT reserves judgement on its challenge to SEBI order

    The watchdog's directions were part of an order wherein it rejected 63 Moons' application seeking renewal of approval to provide STP services on the basis of 'fit and proper' criteria.

  • Insider Trading: SAT stays SEBI's order barring Future Group's Kishore Biyani from markets Feb 16, 2021 10:03 AM IST

    Insider Trading: SAT stays SEBI's order barring Future Group's Kishore Biyani from markets

    The tribunal has however directed Future Group’s promoters to deposit Rs 11 crore as an “interim measure.” The case to be heard next on April 12, 2021.

  • PwC, auditor of Satyam Computer, calls for fresh measures to detect frauds Aug 26, 2020 11:47 AM IST

    PwC, auditor of Satyam Computer, calls for fresh measures to detect frauds

    Chairman of PwC, Bob Moritz said that it wants to ensure that it is moving forward on the detection of fraud to "ensure the relevance of the profession"

  • SAT to remain closed till August 5 amid coronavirus pandemic Jul 20, 2020 02:15 PM IST

    SAT to remain closed till August 5 amid coronavirus pandemic

    Meanwhile, the tribunal will function through video conference from this Monday onwards in between 11.30 am and 4.30 pm until further orders.

  • IL&FS case: SAT refuses to stay SEBI proceedings in 2nd show-cause notice against India Ratings Jul 06, 2020 08:00 PM IST

    IL&FS case: SAT refuses to stay SEBI proceedings in 2nd show-cause notice against India Ratings

    Regarding an appeal against SEBI order imposing Rs 25 lakh penalty on India Ratings, the tribunal directed the rating agency to deposit the amount with the regulator within four weeks, which would be subject to the result of the appeal.

  • SAT to remain closed till July 17 amid coronavirus pandemic Jul 03, 2020 02:15 PM IST

    SAT to remain closed till July 17 amid coronavirus pandemic

    Besides, the tribunal will function from July 20 between 11.30 am and 4.30 pm and urgent cases will be heard during July 20-24.

  • SAT to remain closed till June 30 amid coronavirus pandemic Jun 15, 2020 01:25 PM IST

    SAT to remain closed till June 30 amid coronavirus pandemic

    "In continuation of our earlier order dated June 1, extending the closure of the tribunal till June 12 on account of the lockdown declared by the government... the tribunal shall further remain suspended till June 30," SAT said in a notification.

  • Coronavirus pandemic: SAT to remain closed till May 1 Apr 15, 2020 12:35 PM IST

    Coronavirus pandemic: SAT to remain closed till May 1

    "The tribunal will further remain closed from April 15, 2020, to May 1, 2020, in view of the extension of nationwide lockdown declared by the government on April 14 to contain the spread of COVID-19," SAT said in a notification on Tuesday.

  • Auditing the auditor: NFRA is fine, but more steps needed Dec 16, 2019 03:48 PM IST

    Auditing the auditor: NFRA is fine, but more steps needed

    The government would do well to usher in auditing reforms

  • Karvy scam | SEBI likely to seek RBI probe into role of banks, NBFCs Dec 11, 2019 03:15 PM IST

    Karvy scam | SEBI likely to seek RBI probe into role of banks, NBFCs

    Lenders that extended loans to Karvy, partially in lieu of client securities, had enough warning signs that something was amiss.

  • Karvy case | SEBI seeks more time from SAT to pass order in Bajaj Finance plea: Report Dec 10, 2019 07:01 PM IST

    Karvy case | SEBI seeks more time from SAT to pass order in Bajaj Finance plea: Report

    SEBI barred Karvy Stock Broking from taking on new clients and prevented it from using the Power of Attorney (PoA) given by clients after the broker was found guilty of having misused the securities of its clients.

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