Share pledging case: SAT quashes NSE, CDSL orders against Kotak Mahindra Bank
The Securities Appellate Tribunal (SAT) has quashed orders passed by stock exchange NSE and depository CDSL against Kotak Mahindra Bank in share-pledging case pertaining to Arcadia Share and Stock Brokers. Quashing the directions, the appellate tribunal said that National Stock Exchange (NSE) and Central Depository Services (India) Ltd., or CDSL, had no powers to issue […]
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