Appeal to Securities Appellate Tribunal permits aggrieved persons to challenge regulatory or exchange orders with time-limited review. Any person aggrieved by an order or decision of a recognized stock exchange, an adjudicating officer, or SEBI may appeal to the Securities Appellate Tribunal; appeals are subject to the procedural provisions of related sections, must be filed within forty-five days (subject to extension for sufficient cause), and pay prescribed fees. The Tribunal, after hearing the parties, may confirm, modify or set aside the order, must send copies of its order to the parties and adjudicating officer, and shall endeavour to dispose of appeals expeditiously within six months.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Appeal to Securities Appellate Tribunal permits aggrieved persons to challenge regulatory or exchange orders with time-limited review.
Any person aggrieved by an order or decision of a recognized stock exchange, an adjudicating officer, or SEBI may appeal to the Securities Appellate Tribunal; appeals are subject to the procedural provisions of related sections, must be filed within forty-five days (subject to extension for sufficient cause), and pay prescribed fees. The Tribunal, after hearing the parties, may confirm, modify or set aside the order, must send copies of its order to the parties and adjudicating officer, and shall endeavour to dispose of appeals expeditiously within six months.
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