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SAT Adjourns Hearing In Reliance Industries Ltd-SEBI Matter To September 25-Business Standard


Friday, 30 Aug 2013 09:55am EDT 

Business Standard reported that The Securities Appellate Tribunal (SAT) adjourned hearing to September 25 on Reliance Industries Ltd appeal against market regulator Securities and Exchange Board of India (BSE) following an intervening petition filed by an Urdu daily. An intervening petition was filed by Dr M Furquan, the editor of an Urdu daily, Sach Bilkul Sach, on ground of public interest. Lawyers asked the tribunal for more time to seek instruction on the application and to file replies on the same. RIL has filed a petition before SAT against Sebi in a case related to alleged violation of insider trading norms in sale of shares of the Company's erstwhile subsidiary Reliance Petroleum (RPL). 

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