Live Breaking News & Updates on Karvy stock broking case
Stay updated with breaking news from Karvy stock broking case. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The SAT had criticized NSDL for transferring the pledged shares to Karvy's clients without proper legal authority, likening the action to that of a highway robber.
Market regulator Securities Exchange Board of India (Sebi) and National Securities Depositories Ltd (NSDL) on Wednesday moved the Supreme Court against the Securities Appellate Tribunals decision that quashed the market regulators orders that restricted lenders, including Axis Bank, HDFC Bank and ICICI Bank, from revoking the shares pledged by Karvy Stock Broking (KSBL).