Securities Appellate Tribunal

The Securities Appellate Tribunal (SAT) has recently directed the Securities Exchange Board of India (SEBI) to pay Rs 2 lakh each to four appellants while quashing a SEBI order.

The Securities Appellate...

The Securities Appellate...

The Securities Appellate...

The Supreme Court bench led by Chief Justice NV Ramana took up the plea. Solicitor General of India Tushar Mehta appeared and informed Court that it was consented to, by NDTV that the same be taken up next week, Friday. Court then said that in that case, coercive steps may not be taken against the Roy's.

The apex court asked SAT to hear the appeals and not insist on depositing a certain amount before hearing the appeals.

The Supreme Court on Monday deferred to February 5, the hearing of a petition filed by NDTV promoters, Prannoy Roy and Radhika Roy against the order of Securities Appellate Tribunal (SAT) to deposit 50 percent of the disgorged amount before markets regulator SEBI within four weeks.

The promoters have offered NDTV shares as guarantee in view of the orders of the Tribunal.