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of <h1>Securities Appellate Tribunal Functions Independently, Guided by Natural Justice, With Powers Similar to a Civil Court Under CPC.</h1> The Securities Appellate Tribunal (SAT) operates independently of the Code of Civil Procedure, 1908, guided by principles of natural justice. It possesses powers akin to a civil court, including summoning witnesses, requiring document production, receiving affidavits, and reviewing decisions. Proceedings before SAT are judicial, with the tribunal acting as a civil court under relevant penal and criminal procedure codes. The Presiding Officer can allocate cases among different benches and transfer cases as needed. In case of differing opinions among bench members, the Presiding Officer resolves the matter, ensuring decisions reflect the majority's view.
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