Securities Appellate Tribunal to restore physical hearing in phased manner

The tribunal is closed till May 15 in view of the nationwide lockdown announced by the government to prevent the spread of coronavirus

The Securities Appellate Tribunal (SAT) has put in place a post-lockdown plan, wherein restoration of physical hearing will resume in a phased manner. The tribunal is closed until May 15 in view of the nationwide lockdown — announced by the government on March 24 to prevent the spread of coronavirus and extended in two subsequent announcements until May 17.

"As and when the lockdown is lifted and normalcy returns, the tribunal would start functioning, albeit in a phased manner," SAT said in a notification dated May 8.

It further said that resumption of physical court hearings would be subject to compliance