SAT quashes SEBI orders in Karvy inventory broking case
The Securities Appellate Tribunal (SAT) on Wednesday quashed two separate orders by the Securities and Alternate Board of India (SEBI) towards Axis Financial institution, HDFC Financial institution, ICICI Financial institution, IndusInd Financial institution and Bajaj Finance, limiting them from revoking the shares pledged by Karvy Inventory Broking. Axis Financial institution has been permitted to invoke … Read more