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SAT stays Sebi’s order on J.Kumar Infraprojects

Posted By: Doraiah Vundavally August 10, 2017

SAT stays Sebi's order on J.Kumar InfraprojectsMumbai/Chennai, Aug 10 (IANS) The Securities Appellate Tribunal (SAT) on Thursday stayed the trade restriction order by securities market regulator Securities and Exchange Board of India (Sebi) on building construction services provider J.Kumar Infraprojects.

The company's attorney Amit Bikram Dey confirmed the development to IANS.

The company had approached SAT on Wednesday against Sebi, which had classified it as a 'shell company'.

 

On Wednesday, SAT asked Sebi to hear the company on Thursday and take a decision, failing which the SAT would decide the company's appeal on merits.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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SAT stays Sebi's order on J.Kumar Infraprojects

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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.