SAT dismisses Sahara appeal on extension of deadline
Appellate said that Sahara's appeal is infructuous in light of specific directions from the Supreme Court
In another setback to Sahara, the Securities Appellate Tribunal (SAT) today rejected its appeal seeking extension of time for submission of investor documents.
The appellate said that Sahara's appeal is infructuous in light of specific directions from the Supreme Court (SC).
The apex courts deadline to Sahara for submission of documents ends today.
Sebi has already filed a contempt petition before the SC after Sahara failed to supply documents on its earlier deadline of September 10.
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First Published: Dec 20 2012 | 11:39 AM IST