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Securities Appellate Tribunal Dismisses NSE Plea for Bank Guarantee to SEBI - (07 Jun 2019)

CAPITAL MARKET

Securities Appellate Tribunal (SAT) has rejected NSE's plea for allowing it to provide bank guarantee instead of transferring Rs 687 crore from escrow account to Securities and Exchange Board of India (SEBI) in Co-Location case. SAT however, granted an additional week to the exchange to comply with the May 22 order which directed NSE to transfer Rs 687 crore to SEBI within two weeks from the escrow account.

Tags : SECURITIES APPELLATE TRIBUNAL   NSE  

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