Regulatory case
SEBI v. B Ramalinga Raju and other Satyam promoters
- Authority
- Securities and Exchange Board of India, with appeals to the Securities Appellate Tribunal
- Case number
- WTM/AN/SRO/SRO/29840/2023-24 (order of 30 November 2023)
- Filed or opened
- July 2014
- Organization
- Satyam Computer Services Limited
- Current stage
- Revised SEBI order dated 30 November 2023. Supreme Court civil appeals of 2017 cited in the order as pending.
- Outcome
- Revised order in force as of the latest record found. Supreme Court appeals pending as cited in the orderS8.
Decisions and steps
Claims this case bears on
- Outdated80SEBI ordered in July 2014 that Satyam's founder and others return Rs 1,849 crore in unlawful gains with interest and barred them from the securities market for 14 years.Press report, 12 May 20175 records citedMarket conduct
Sources
- S6Tier C Satyam case: SAT asks Sebi to pass fresh order on Raju's punishmentBusiness Standard (Press Trust of India). Press report. 12 May 2017.Reports the 2014 SEBI order and the May 2017 tribunal remand. The day of the tribunal order is given inconsistently. Its amounts were later replaced.Link working, checked 25 October 2026
- S8Tier A SEBI Order in the matter of Satyam Computers Services LimitedNational Stock Exchange of India (Investigation Department). Regulator order. 1 December 2023.NSE circular 248/2023 forwarding SEBI order WTM/AN/SRO/SRO/29840/2023-24 of 30 November 2023 and listing market bans, including one till 14 July 2028. The part read does not state the final disgorgement figure.Link working, checked 25 October 2026
- S7Tier C Satyam Computer case: Sebi lowers disgorgement amount to Rs 622 croreBusiness Standard. Press report. 1 December 2023.Report by Khushboo Tiwari on the 2018 and 2023 SEBI orders. It does not cover any appeal against the 2023 order.Link working, checked 25 October 2026