The SAT also declined to allow an intervention petition which had alleged that there could be collusion between Sebi and the Mukesh Ambani.
Written by Press Trust Of India
Mumbai |
1 min read
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The Securities Appellate Tribunal SAT has adjourned hearing to October 11 on RILs appeal against the Securities and Exchange Board of India Sebi in the long-running insider trading case.
The SAT also declined to allow an intervention petition by an individual who had alleged that there could be collusion between Sebi and the Mukesh Ambani-led Reliance Industries to settle the case.
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Rejecting the plea,the SAT asked him to approach the Bombay High Court or the Supreme Court,saying the tribunal is not the appropriate forum to hear such
