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The SAT had criticized NSDL for transferring the pledged shares to Karvy's clients without proper legal authority, likening the action to that of a highway robber.

National company law tribunalAppellate tribunalSupreme court of indiaSupreme court newsCji dy chandrachudJustice jb pardiwalaJustice satish chandra sharmaKarvy stock broking caseAxis bankSecurities exchange board of indiaSat securities appellate tribunalCourt newsLegal newsCourt updatesSupreme court ordersSupreme court stays sat order karvy case