Supreme Court Directed In Karvy Stock Broking Case: No Coercive Action Against SEBI, NSDL And NSE
The Business Guardian|January 23, 2024
The Supreme Court in the case Securities and Exchange Board of India v.
Supreme Court Directed In Karvy Stock Broking Case: No Coercive Action Against SEBI, NSDL And NSE

Axis Bank Limited & Ors., observed wherein the appeal is filed against the Securities Appellate Tribunal's, SAT for quashing the order of SEBI in the Karvy Stock Broking case.

The Supreme Court in the case directed that no coercive action be taken against SEBI, National Securities Depository Limited, NSDL and the National Stock Exchange of India Limited, NSE.

The three-Judge Bench of Chief Justice DY Chandrachud, Justices JB Pardiwala and Manoj Misra in the case observed and has directed that status quo be maintained wrt shares of Axis Bank till next date of hearing, i.e. January 25, 2024.

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