SAT puts SEBI order in abeyance in 63 moons STP Gate case – IBC World News ibcworldnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibcworldnews.com Daily Mail and Mail on Sunday newspapers.
63 Moons says SAT reserves judgement on its challenge to Sebi order
63 Moons was earlier known as Financial Technologies (India) Ltd (FTIL)
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63 Moons Technologies on Monday said Securities Appellate Tribunal (SAT) has reserved the judgement on the firm s challenge to Sebi s order which disallowed it from providing Straight Through Processing gate services.
The Securities Appellate Tribunal(SAT) on Monday heard the 63 moons technologies limited challenge to Securities and Exchange Board of India (SEBI) order disallowing the Company fromproviding STP Gate Services and has reserved the judgment. While passing the order theTribunal has kept the SEBI Order in abeyance.
SAT puts SEBI order in abeyance in 63 moons STP Gate case
By IANS |
Published on
Mon, Feb 22 2021 15:12 IST |
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SEBI. Image Source: IANS News
Mumbai, Feb 22 : The Securities Appellate Tribunal (SAT) on Monday reserved its verdict in 63 moons Technologies Limited s challenge to the Securities and Exchange Board of India (SEBI) order disallowing the company from providing Straight Through Processing (STP) Gate Services.
The tribunal has kept the SEBI order in abeyance. This, in effect, means that till the passing of a final decision by the SAT, the SEBI oirder will remain ineffective, 63 moons said in a statement.
63 moons said, We are hopeful of justice being delivered.