SAT stays IRDAI order transferring Sahara India Life Insurance Co biz to SBI Life thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
While staying an order passed by the Insurance Regulatory and Development Authority of India (IRDAI) to transfer the life insurance business of Sahara India Life Insurance Co Ltd (Sahara Life) to SBI Life Insurance Co Ltd (SBI Life), the Securities Appellate Tribunal (SAT) observed that, after passing an order, IRDAI did not show any
In a big relief to Sahara India Life Insurance Co Ltd, the Securities Appellate Tribunal (SAT) on Tuesday stayed regulator Irdai's order directing the transfer of policy liabilities of around two lakh policies along with assets of Sahara Group firm to SBI Life Insurance Company.