Number of pending appeals at Securities Appellate Tribunal rise 70% in FY19

The ratio of appeals dismissed to those decided in favour of Sebi shows a decline. There were 18 appeals in favour of Sebi for every order passed against it in FY18. The ratio has since dropped to 5.5

The number of pending appeals against the stock market regulator’s decisions has risen in recent times. The pile-up comes amid a slowdown in appointments to the Securities Appellate Tribunal (SAT), which hears such appeals.

The number of pending appeals against decisions by the Securities and Exchange Board of India (Sebi) rose 70 per cent over the previous year. It is up from 223 for 2017-18 (FY18) to 379 in 2018-19 (FY19).

The numbers are based on the regulator’s latest annual report, made available on its website following its approval at the last board meeting on June 27. It is uploaded