Topic
The Securities Appellate Tribunal hears appeals against orders of SEBI, IRDAI and PFRDA.
26 storiesLatest 10 Oct 2026, 18:42 IST
Enforcement/
SEBI has revoked the interim market ban it imposed on LS Industries Limited and five others in February 2025, after its detailed investigation could not sustain the price-manipulation allegation.
Enforcement
SEBI has recorded the completion of a recovery certificate against a party named in the IKF Technologies GDR-issue matter, realising dues from a penalty the Securities Appellate Tribunal upheld.
Enforcement
SEBI has recorded completion of Recovery Certificate No. 4396 of 2021 against a CAT Technologies director, closing a recovery tied to 2007 and 2009 GDR issues a tribunal held to be fraudulent.
Enforcement
SEBI's investigation into letters of comfort at Zee Entertainment remains open. SAT dismissed Subhash Chandra's appeal as time-barred on 2 May 2025, and no finding of guilt has been made.
Enforcement
SEBI found most 2014-15 trades in BSE illiquid stock options were non-genuine reversals; most of about 14,720 entities settled without admitting guilt, and SAT has upheld penalties on the rest.
Enforcement
The Securities Appellate Tribunal quashed a PFRDA penalty of Rs 9,00,592 on Alankit Assignments and set aside the refusal of its NPS registrations, finding the case unsustainable.
Enforcement
The Securities Appellate Tribunal set aside SEBI's 2022 order against Bombay Dyeing and Nusli, Ness and Jehangir Wadia, finding no fraud established, and ordered penalties refunded. SEBI's appeal is pending in the Supreme Court.
Enforcement
SEBI has issued a recovery order against Jalaj Agrawal under Recovery Certificate No. 8296 of 2024 in the Superior Finlease pump-and-dump matter, after the tribunal upheld his debarment and cut his penalty to Rs 25 lakh.
Enforcement
The Delhi High Court has dismissed the former NSE chief's challenge to the CBI prosecution in the exchange's co-location and governance case, letting the trial proceed; SAT had earlier set aside part of SEBI's findings.
Enforcement
SEBI passed fresh orders on 29 November 2022 barring five commodity brokers from new registration in the NSEL matter, after SAT set aside its 2019 fit-and-proper orders and remanded them.
Enforcement
SEBI's interim order of 22 June 2023 barred Eros International Media and its MD and CEO from key posts over prima facie misstatements; SAT upheld it and SEBI later penalised 17 entities for non-compliance.
Enforcement
SEBI's order of 5 February 2026 directed Setco Automotive's promoters to return Rs 208.77 crore over alleged fund diversion; the Securities Appellate Tribunal stayed the order in May 2026 pending appeal.
Enforcement
SEBI's 6 February 2025 order restrained Brightcom Group's promoters and imposed Rs 34 crore in penalties over Rs 1,280 crore of profit SEBI found overstated; SAT dismissed the appeal in June 2026.
Enforcement
SEBI's 22 August 2024 order barred Anil Ambani from the securities market for five years over alleged diversion of Reliance Home Finance funds; he is contesting it at the SAT.
Enforcement
IRDAI's order penalising Care Health Insurance over ESOPs to its non-executive chairperson was stayed by the Securities Appellate Tribunal in 2024 and remains under appeal, undecided.
Enforcement
SEBI's 22 August 2024 order bars Anil Ambani and 24 entities from the securities market for five years over alleged fund diversion at Reliance Home Finance; the penalty is under a SAT stay.
Enforcement
SEBI's final order barred Karvy Stock Broking and its promoter for seven years and imposed Rs 21 crore, finding client securities were pledged under power of attorney. The order is under appeal.
Enforcement
SEBI has prima facie found that market commentator Sanjiv Bhasin traded ahead of his own on-air stock tips, impounding Rs 11.37 crore; SAT has since unfrozen his accounts on a Rs 1 crore deposit.
Enforcement
SEBI has prima facie found that Avadhut Sathe Trading Academy ran unregistered investment advice as stock-market 'education', impounding Rs 546 crore; SAT has since ordered a Rs 100 crore deposit.
Enforcement
SEBI's ex-parte interim order of 2 January 2025 restrained 22 noticees, including Ketan Parekh and Rohit Salgaocar, and impounded Rs 65.77 crore in alleged unlawful gains, now before SAT.
Enforcement
SEBI's final order dated 24 July 2026 debarred former Axis Mutual Fund chief dealer Viresh Joshi for seven years, fined him Rs 3 crore, and confirmed Rs 30.56 crore in disgorgement.
Enforcement
SEBI has completed recovery certificate 3331 of 2021 and released its attachment against Ravindra Nath Mishra, a noticee penalised in the Synergy Bizcon share-manipulation matter.
Enforcement
SEBI issued attachment notices on 22 July 2026 to recover the disgorgement and penalties from its 31 December 2025 order in the DU Digital Technologies scrip-manipulation case.
Enforcement
SEBI is enforcing recovery against Rocket Tips, the Surat proprietorship it found offered unregistered investment advice; the Securities Appellate Tribunal upheld the 2022 order.
Enforcement
On SAT remand, SEBI's fresh order in the Investocare Financial Research matter cleared a noticee of the unregistered investment adviser charge, directing only a Rs 410 refund.
Enforcement
SEBI has issued a remittance advice against Sattu Yadav, named a defaulter under recovery certificate no. 9004 of 2026, in its matter concerning dealing in illiquid stock options at the BSE.
