ALSO READSatyam scam: Price Waterhouse moves SAT against Sebi's two-year ban ruling Satyam scam: Setback for Price Waterhouse as SAT refuses stay on Sebi order Sebi bans Price Waterhouse in Satyam case: All you need to know Lessons from Satyam Satyam scam: Price Waterhouse goes all out to protect its reputation
The Securities Appellate Tribunal (SAT) on Tuesday deferred hearing in Price Waterhouse's (PW's) appeal against an order passed by the market regulator Securities and Exchange Board of India (Sebi). The tribunal will next hear the matter on Friday.On January 10, Sebi banned PW from providing audit services to listed companies and market intermediaries for two years for its alleged involvement in the Satyam fraud case. PW has challenged the matter. The first hearing in the matter took place on January 19 during which SAT provided partial relaxation to PW by allowing it to continue its relationship with its existing clients.