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    <description>The Tribunal held that an appeal is maintainable under Section 23L of the SCRA Act against a decision of the NCL, as NCL is a recognized clearing corporation. SEBI was directed to consider complaints and provide a hearing to interested parties, ensuring compliance with principles of natural justice. The affected parties sought annulment of trades and return of securities, with SEBI instructed to hear and decide the matter promptly. The Nifty Option Contract was ordered to remain in abeyance until a specified date by an interim direction from the Supreme Court of India.</description>
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