Securities Appellate Tribunal will get new bench in Delhi

This bench will deal with firms based out of the northern states

After a prolonged wait, a new Securities Appellate Tribunal (SAT) bench may finally be up and running this year. The idea of a new bench was proposed by finance minister Arun Jaitley during the Union Budget of 2016 to help expedite cases pertaining to the securities market. 

According to sources, the bench will be based out of Delhi and deal with matters pertaining to companies based out of the northern states like Punjab, Haryana and Delhi. Even companies from Kolkata are likely to come under its jurisdiction.  

The new bench will constitute of a judicial member and technical member, but may