|Securities Appellate Tribunal
SEBI Act Section 15T | Only 'Aggrieved Persons' with Direct Interest Can Appeal Before SAT: SAT Mumbai
SAT Mumbai dismisses an appeal by a society lacking direct interest in SEBI's order, reaffirming that only 'aggrieved persons' under Section 15T of the SEBI Act can challenge regulatory decisions. This ruling clarifies locus standi requirements for appeals before SAT, impacting stakeholders seeking judicial review of SEBI orders.