Financial Daily from THE HINDU group of publications
Sunday, Dec 18, 2005
Financial Daily from THE HINDU group of publications Sunday, Dec 18, 2005 |
|
|
|
|
|
|
|
Home Page
-
Courts/Legal Issues Markets - Regulatory Bodies & Rulings Justice Sodhi is SAT Presiding Officer Our Bureau
New Delhi , Dec. 17 THE Union Government has appointed Mr Justice Nauvdip Kumar Sodhi as the Presiding Officer of the Securities Appellate Tribunal (SAT). Mr Justice Sodhi, a former Chief Justice of Karnataka High Court, replaces Mr Justice Kumar Rajaratnam, who had earlier tendered his resignation. An official release said that his appointment would take effect from the date on which Mr Justice Sodhi takes charge. Our Mumbai Bureau adds: Mr Justice Kumar Rajaratnam had resigned as SAT Presiding Officer on July 28. At that time, the Government had requested him to continue up to December 31. The appointment of a new presiding officer, just a fortnight before the current incumbent's term expires, comes as a surprise. Normally, the appointment of Government officials specifies a date of joining. However, in this instance, the letter appointing Mr Justice Sodhi as Presiding Officer of SAT, states: "... with effect from the date on which he enters upon his office." When contacted, Mr Rajaratnam said he would not be attending the tribunal on Monday. He would be going back to Chennai soon, he said. Incidentally, Mr Rajaratnam was to hear some sensitive cases next week. One case scheduled for hearing on Tuesday is that of Sree Karpagambal Mills, in which SAT asked SEBI to explain how it gave an exemption to the company from takeover code provisions while allowing the transfer of the promoters' holding. Promoters of the company include Mr Karti P. Chidambaram, son of Mr P. Chidambaram, Union Finance Minister.
More Stories on : Courts/Legal Issues | Regulatory Bodies & Rulings
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2005, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|