SAT adjourns RIL-Sebi case till 14 March
22 Feb 2013 7:24 AM IST
The Securities Appellate Tribunal (SAT) on Thursday adjourned hearing on Reliance Industries' appeal against market regulator Sebi till 14 March.
RIL had sought to settle a probe by Sebi into the alleged violation of insider-trading norms in sale of shares of its erstwhile subsidiary Reliance Petroleum in 2007.Reliance Industries' appeal against Securities and Exchange Board of India (Sebi) was earlier scheduled for 24 January, but was adjourned till 2 February.RIL's application to settle the matter under Sebi's consent mechanism was rejected following which the company filed an appeal in SAT.
RIL had sought to settle a probe by Sebi into the alleged violation of insider-trading norms in sale of shares of its erstwhile subsidiary Reliance Petroleum in 2007.Reliance Industries' appeal against Securities and Exchange Board of India (Sebi) was earlier scheduled for 24 January, but was adjourned till 2 February.RIL's application to settle the matter under Sebi's consent mechanism was rejected following which the company filed an appeal in SAT.
Next Story
