SAT quashes Sebi order against NSDL, CSDL
The Securities Appellate Tribunal (SAT) seems to have hit the final nail in the coffin in the IPO allotment scam that took place during 2003-2005. The Tribunal on Wednesday ruled in favour of the two depositories-National Securities Depository Limited (NSDL) and Central Depository Services Limited CSDL-virtually leaving them scot free in the case.
