Sebi: SAT overturns Sebi order in Karvy case
Mumbai: The Securities Appellate Tribunal (SAT) quashed market regulator Sebi’s orders against lenders, including Axis Bank, HDFC Bank, ICICI Bank, IndusInd Bank and Bajaj Finance, prohibiting them from revoking the shares pledged by Karvy Stock Broking. The tribunal has allowed Axis Bank to invoke the shares pledged in its favour and asked the Securities and … Read more
