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Schneider-Sebi spat: Bombay HC redirects firm to SAT in delisting case

The Bombay HC has directed Schneider Electric President Systems to approach the SAT afresh in its dispute with the SEBI, which has asked the former to either delist its shares or list them on a national stock exchange within six months. The HC further said that SAT should look at this new appeal without being influenced by its earlier order dated November 26, 2019.

The court also directed SEBI not to take any coercive action against the company for another three weeks.

Source: Business Standard

Link: Schneider-Sebi spat: Bombay HC redirects firm to SAT in delisting case | Business Standard News (business-standard.com)

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