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    <title>OFCD case: SC to hear SEBI&#039;s plea against SAT relief to SICCL managers on Monday</title>
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    <description>SEBI has challenged before the Supreme Court the part of the Securities Appellate Tribunal order granting relief to managers and the company secretary of Sahara India Commercial Corporation Ltd. The tribunal had held that the OFCDs issued by SICCL constituted a public offer within SEBI&#039;s jurisdiction, dismissed the company&#039;s and directors&#039; appeals, and separately allowed the appeal of the officials on the ground that employees could not be held liable for the company&#039;s acts.</description>
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