But keeps Sebi ban on taking up new clients
Court asks SAT to look at new appeal without being influenced by its earlier order of November 26, 2019; Sebi told not to take any coercive action against firm for three weeks
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Tribunal asks NSE and Edelweiss to submit replies on Rs 1.8 cr penalty slapped by the exchange on the broker; in DHFL case, Sebi told to halt recovery proceedings against the firm
Tribunal pulls up Sebi for passing contradicting orders
HDFC Bank had Rs 470 crore worth of shares pledged for Rs 300 crore of outstanding loans
The Sebi counsel informed the tribunal about the forensic audit initiated against the brokerage
SAT also dismissed such appeals stating it didn't find enough merit in dismissing the approach taken by Sebi to arrive at a fair valuation
At present, SAT has just one member CKG Nair, who is not a judicial member. As a result, functioning of SAT will remain virtually grounded until a new presiding officer takes charge.
On Thursday, SAT had provided relief to J Kumar Infra and Prakash Industries