SAT Dismisses Mallya's Plea Against Sebi Or­der

The Economic Times - - Companies: Pursuit Of Profit -

The Se­cu­ri­ties Ap­pel­late Tri­bunal (SAT) on Fri­day re­jected fugi­tive liquor baron Vi­jay Mallya's ap­peal against Sebi bar­ring him from the mar­ket and asked him to ap­pear be­fore the reg­u­la­tor within three weeks. The tri­bunal also dis­missed his plea against the Sebi or­der that barred him from hold­ing any board po­si­tion at listed com­pa­nies, in­clud­ing as the chair­man of his group firm United Brew­eries.

NEW DELHI

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