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The Securities Appellate Tribunal (SAT) adjourned the hearing of real estate major DLF to Friday.
During the appeal, the counsel for DLF argued that the regulator's order was akin to capital punishment, a penalty which should not have been passed unless the offence was of an extreme nature.
"This is certainly not one of the rarest of rare cases," he said. Counsel for the regulator will argue on Friday.
