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<h1>Securities Appellate Tribunal Remands Case for Speaking Order on Exemption Request</h1> The Securities Appellate Tribunal, Mumbai remanded a case to the Securities and Exchange Board of India for passing a speaking order on an exemption ... - The Securities Appellate Tribunal, Mumbai remanded a case to the Securities and Exchange Board of India for passing a speaking order on an exemption request under ICDR Regulations. The appellant's grievance was that the request was rejected without a reasoned order. The Tribunal emphasized the need for reasons in decisions affecting parties' rights.