Securities Appellate Tribunal News

The deal was earlier finalised on May 31. Soon after, it mired into a controversy. Subsequently, the matter reached the Securities Appellate Tribunal (SAT).

The proposed transaction has been contested by Sebi over valuation issues and PNB Housing Finance had moved the tribunal against the regulator's directive passed in June. The two-member bench of Justice Tarun Agarwala and Justice M T Joshi has delivered a split verdict on the matter.

Those under scanner include over 300 listed companies as also hundreds of unlisted entities and individuals, suspected to be misusing the stock exchange platform for tax evasion, among other wrongdoings.

Those under scanner include over 300 listed companies as also hundreds of unlisted entities and individuals, suspected to be misusing the stock exchange platform for tax evasion, among other wrongdoings, a senior official said.

The latest ruling has come after the Securities Appellate Tribunal, in 2015, had set aside an earlier directive of the Securities and Exchange Board of India (Sebi) and asked it to pass a fresh one.

The Securities Appellate Tribunal (SAT) will on Thursday hear pleas by Hit Kit Global Solutions and Sanco Industries against trading restrictions imposed on their shares by exchanges on Sebi directions.

Out of the 331 companies on the list, more than 160 are actively traded shares on the exchanges.

The Securities Appellate Tribunal on Friday lifted trading curbs on shares of Parsvnath Developers and Kavit Industries which are among the 331 suspected shell companies identified by the government.

The Securities Appellate Tribunal on Thursday stayed trading restrictions imposed on JKumar Infraprojects and Prakash Industries, which are among the 331 suspected shell companies identified by the government, saying Sebi passed the order without carrying out any probe.

The Securities Appellate Tribunal (SAT) on Thursday stayed the trade restriction order by securities market regulator Securities and Exchange Board of India (Sebi) on building construction services provider J.Kumar Infraprojects.

JKumar Infraprojects and Prakash Industries had moved the SAT against the Sebi directions.

Giving a week's relief to Sahara India Life Insurance (SILIC), the Securities Appellate Tribunal (SAT) today stayed the IRDAI decision to sell the business of the Sahara group company to ICICI Prudential Life Insurance.

SAT asked RIL to submit a list of MFs to Sebi through which it would participate in equity derivatives markets.

With RIL shares taking a beating on Sebi's penal action, the company on Monday said it has a strong case against the regulatory order and there was no market manipulation by it on account of trades in cash and futures segments.

Shares of Reliance Industries ended 3 percent lower on Monday, wiping out Rs 12,488 crore from its market valuation, after Sebi banned the company and 12 others from equity derivatives trading for one year.  

Market regulator Sebi will pass fresh orders in the matter pertaining to restatement of financial accounts by five companies, including Vijay Mallya-led United Breweries Holdings Ltd (UBHL).

Finance Minister Arun Jaitley Monday proposed to amend the SEBI Act in order to increase benches in the Securities Appellate Tribunal (SAT).

Securities Appellate Tribunal (SAT) on Thursday adjourned till November 24 the hearing on realty major DLF's plea against the Rs 86 crore penalty imposed on it by capital markets regulator Sebi.

Setting aside Sebi's decision of granting in-principle approval to IMFI to be the Self Regulatory Organisation for mutual fund distributors, the Securities Appellate Tribunal on Wednesday directed the capital markets regulator to start the selection process afresh.

In its order, SEBI said PACL was selling fixed-return investment products disguised as land-for-fund schemes. It told the firm to return 491 billion rupees ($7.52 billion) it raised from 58.5 million customers.