https://www.taxtmi.com/caselaws?id=396318 The tribunal issued interim directions in an appeal against National Stock Exchange orders regarding the transfer of securities. The Appellant, a Professional Clearing Member, challenged the legality of the directions, claiming ownership of securities worth Rs. 21.62 crores. The Respondents alleged the Appellant held excess securities valued at over Rs. 70 crores. Urgent hearing and interim stay requests were made, leading to the tribunal issuing directions for reconciling and determining rights over the securities within a week. The tribunal conducted the hearing via video conference due to the Covid-19 pandemic and scheduled a further hearing for July 3, 2020, maintaining the status quo on the securities transfer. en-us Fri, 19 Jun 2020 00:00:00 +0530 Tue, 30 Jun 2020 11:57:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396318 The tribunal issued interim directions in an appeal against National Stock Exchange orders regarding the transfer of securities. The Appellant, a Professional Clearing Member, challenged the legality of the directions, claiming ownership of securities worth Rs. 21.62 crores. The Respondents alleged the Appellant held excess securities valued at over Rs. 70 crores. Urgent hearing and interim stay requests were made, leading to the tribunal issuing directions for reconciling and determining rights over the securities within a week. The tribunal conducted the hearing via video conference due to the Covid-19 pandemic and scheduled a further hearing for July 3, 2020, maintaining the status quo on the securities transfer. Case-Laws SEBI Fri, 19 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396318