Comments
The Securities Appellate Tribunal (SAT) on Monday asked the counsels of SEBI and Vaswani Industries to come out with a workable plan within two days so that the tribunal can pass an order in the overall interest of investors, promoters and regulatory concerns.
The counsel for the company submitted that some vested interests had engineered last minute withdrawals so as to ensure that the IPO failed to go through.
The point to be noted in this case is whether SAT excludes the delay caused by the SEBI directive to the stock exchanges for the purpose of counting 10 weeks to listing.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.