top of page

The SAT has held that tribunals can function sans a technical member

  • Writer: Royzz & Co
    Royzz & Co
  • May 20, 2021
  • 1 min read

The Securities and Exchange Board of India (SEBI) had, in many appeals, taken the position that the Securities Appellate Tribunal (SAT) does not have the power to pass orders until a technical member had been appointed to the tribunal. In a matter involving Axis Bank, the SAT has held that the tribunal, consisting of a Presiding Officer and a Judicial Member is not defective as a result of the non availability of a technical member. The matter has also been referred to the Supreme Court for final resolution. In the interim, the tribunal has held that the SAT will continue to function and hear matters until a competent court rules otherwise.

Recent Posts

See All
Finfluencers catch the eye of SEBI

(The Securities and Exchange Board of India (SEBI) has issued a circular providing details and clarifications on the association of...

 
 
 

Comments


Mumbai

A-101/102, Floral Deck Plaza,

Off Midc Central Road,
Andheri East,

Mumbai - 400093

Email : info@royzz.com

Phone No: +91 8928274062

 

New Delhi Office: 

Chamber No. 515, D- Block, Additional Building Complex, Supreme Court,

New Delhi - 110001 

 

Chennai Office

Dhwarco Ministar Business Cente

Plot  12C 1, 5th Cross St. South Phase, Thiru Vi Ka Industrial Estate, Gundy, Chennai - 600032  

 

Ahmedabad Office

-c/o Incuspace, 'C' Wing,

4th Floor,  Krish Cubical,

Off SB Road, Thaltej,
Ahmedabad, Gujarat

  • White Facebook Icon
  • White LinkedIn Icon
  • White Instagram Icon

© 2025. ROYZZ & CO

bottom of page