A vacation bench of Justices Nitin Sambre and Anil Pansare, while asking the BEST to file its reply, refused to grant relief in terms of stay on the tender process.
The Securities Appellate Tribunal(SAT) on Monday gave an interim relief to Franklin Templeton(FT) by staying the Securities and Exchange Board of India(Sebi) order barring it from launching any new debt schemes for two years.