SAT likely to hear Sahara plea in May

The Securities Appellate Tribunal is likely to hear next month Sahara chief Subrata Roy’s plea against market regulator Sebi’s attachment order of his bank accounts and other assets,along with those of two group firms and their top executives.

After taking up the petition for its “preliminary hearing”,the Securities Appellate Tribunal (SAT) had posted the matter to April 20 for further discussion. However,the matter has not been listed by SAT in its April 20 ‘cause list’ and it is now understood to have been posted for next month.