# SAT to pass Jane Street order on 21 October

> SAT delays Jane Street's appeal against Sebi's market manipulation order until 21 October.
- Title: SAT to pass Jane Street order on 21 October · mint | Shortify
- Summary: SAT delays Jane Street's appeal against Sebi's market manipulation order until 21 October. The Securities Appellate Tribunal will decide Jane Street's appeal…
- Keywords: securities appellate tribunal, jane street, sebi, securities and exchange board of india, market manipulation, indian securities market, ₹4843 crore, ex-parte interim order, bank nifty, money, business, SAT
- Source: mint — https://livemint.com/market/jane-street-order-sebi-vs-jane-street-11791466349488.html
- Author: Apoorva Ajith
- Published: 2026-10-08T14:41:14+00:00
- Read time: 1 min
- Topics: securities appellate tribunal, jane street, sebi, securities and exchange board of india, market manipulation, indian securities market, ₹4843 crore, ex-parte interim order, bank nifty, money, business
## SAT reserves Jane Street appeal order
The Securities Appellate Tribunal has reserved its verdict on Jane Street's appeal against Sebi's ex-parte interim order until 21 October.
## Sebi's July 2025 order
Sebi barred Jane Street from the Indian securities market and directed it to disgorge ₹4,843 crore in alleged unlawful gains.
## Jane Street's appeal demands
Jane Street requested trade logs with counterparty details, including trade quantity, price, and execution time, to defend against market manipulation charges.
## Sebi rejects counterparty data
Sebi lawyers argued counterparty trades and order data are irrelevant to the allegations, as the data shared is huge and has no bearing on the charges.
## Previous investigations
A November 2024 NSE probe and December 2024 Sebi ISD review found no proof Jane Street's trades influenced index prices to profit its options positions.
## Sebi's stance on data relevance
Sebi stated counterparty data has no relevance in the precedence, as the allegations focus on manipulating the Bank Nifty index through cash and futures trades.
## Key takeaway

The Securities Appellate Tribunal will decide Jane Street's appeal against Sebi's order barring it from Indian markets and demanding ₹4,843 crore in disgorged gains by 21 October.