Respite for SEBI in the Karvy Stock Broking Matter: SC stays SAT order
SAT had noted in its order that if SEBI and the depository believed the pledge was wrongly created by Karvy, the appropriate remedy was to file an application before the National Company Law Tribunal for rectification of its register
By Amal Michael - On January 29, 2024 4:06 pm - 3 mins read
On Thursday, the Supreme Court issued a stay on the Securities Appellate Tribunal’s (SAT) order following a petition filed by the Securities and Exchange Board of India (SEBI) in the Karvy Stock Broking case. The petition challenged SAT’s earlier decision that had favored major lenders including Axis Bank, ICICI Bank, HDFC Bank, IndusInd Bank, and…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc