DLF seeks interim relief from ban; next SAT hearing on Oct 30
Barred by SEBI from accessing capital markets, realty giant DLF Wednesday sought interim relief from Securities Appellate Tribunal (SAT) to allow it to redeem funds locked in mutual funds and other instruments.
After hearing the petition filed by India’s largest realty developer last week against the ban, SAT Presiding Officer J P Devadhar adjourned the matter to October 30, and sought response from the capital markets regulator on DLF’s plea for an interim relief.