A two-judge bench of the apex court observed that the SAT passed the stay order without providing any reason and thus asked the tribunal to decide the case afresh on August 3.
The bench led by Justice Abhay S Oka while seeking a response from Sahara India Life said, "Some solution has to be found to protect the interest of 3,300 people who have filed their claims." It also asked Sahara to submit details of the mechanism to find a solution and posted the matter for further hearing on July 10.