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    <title>2015 (7) TMI 177 - SECURITIES APPELLATE TRIBUNAL MUMBAI</title>
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    <description>The Securities Appellate Tribunal directed NSE to accept a settlement proposal and release withheld payment to parties involved in trades violating SEBI/NSE norms on October 05, 2012. Despite NSE&#039;s initial rejection of the settlement proposal, the Tribunal utilized Rule 21 to mandate acceptance within two weeks. The decision clarified that this order would not impede disciplinary proceedings against the parties. The NSE order of December 04, 2014, was modified accordingly, and both appeals concluded without costs imposed.</description>
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      <description>The Securities Appellate Tribunal directed NSE to accept a settlement proposal and release withheld payment to parties involved in trades violating SEBI/NSE norms on October 05, 2012. Despite NSE&#039;s initial rejection of the settlement proposal, the Tribunal utilized Rule 21 to mandate acceptance within two weeks. The decision clarified that this order would not impede disciplinary proceedings against the parties. The NSE order of December 04, 2014, was modified accordingly, and both appeals concluded without costs imposed.</description>
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