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The Economic Times
The Economic Times

SC says SAT order in Bombay Dyeing case not to be treated as precedent, but refuses stay

Bombay Dyeing SAT SEBI Arvind Datar the Supreme Court Wadia Group

New Delhi: The Supreme Court on Monday refused to stay an order of the Securities Appellate Tribunal (SAT) that had set aside earlier regulatory directions against the Bombay Dyeing and Manufacturing Company Limited and certain members of its promoter group.

A bench of Justices BV Nagarathna and R Mahadevan, while declining to stay the order, issued notice on the plea of the Securities and Exchange Board of India (SEBI) challenging the SAT order, and said that it will not be treated as a precedent.

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