Co-location case: Tribunal orders release of NSE's ₹6,000 cr held up in escrow a/c
Co-location case: Tribunal orders release of NSE’s ₹6,000 cr held up in escrow a/c May 17, 2021 No clarity on whether SEBI will go for an appeal in SC The National Stock Exchange (NSE) won a major relief from the Securities and Appellate Tribunal (SAT) on Monday as it was allowed to withdraw ₹6,085 crore from an escrow account that it had to deposit on orders from market regulator SEBI. The money was linked to SEBI’s order in the co-location or algo trading scam. After SEBI found NSE guilty of various lapses in the co-location services that gave preferential access to a few brokers a...
Source: thehindubusinessline.com