Tag: SAT
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Securities Appellate Tribunal reads the Riot Act for judicial indiscipline
[Posted by Somasekhar Sundaresan] In an important reminder to regulatory agencies to adhere to judicial discipline, the Securities Appellate Tribunal has passed an order setting aside an adjudication order passed by the Securities and Exchange Board of India for ignoring the ratio laid down in another order passed by another adjudicating officer. The SAT has…
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The crisis that SAT is heading towards
[Posted by Somasekhar Sundaresan] On November 1, 2012, this blog had a post on a writ petition relating to the absence of a Presiding Officer in the Securities Appellate Tribunal (“SAT”). I wrote a piece in the Business Standard in my column on November 12, 2012 about how the SAT needs to be handled with…