The DLF v. SEBI saga continues: A Divided Tribunal, and more

In a lengthy 220-page Order, the Securities Appellate Tribunal (SAT) has set aside a SEBI order of October 2014, which had banned DLF and its promoters from accessing the securities market.

SEBI had found that DLF resorted to sham transactions of share transfer with a view to camouflage the association of DLF with Felicite, Shalika . . .

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