DLF APPEAL
DLF has sought interim relief from the Securities Appellate Tribunal (SAT) to allow it to redeem funds locked in mutual funds and other instruments. Pleading for relief, DLF, said it needed to redeem funds, including around Rs.2,000 crore locked in mutual funds as also through redemption of some bonds worth thousands of crores, but SEBI had restrained it and six others, including top executives, from tapping capital markets for three years.
SAT adjourned the matter to October 30, and sought response from the capital markets regulator, SEBI, on DLF’s plea for an interim relief