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SAT tells Sebi to unblock accounts of Lalit Bhasin
Mint Ahmedabad
|July 14, 2025
SAT's directions came in appeals filed by Lalit Bhasin and two firms, challenging Sebi's ad-interim ex-parte order
The appellate tribunal has ordered the capital markets regulator to unfreeze Lalit Bhasin's bank accounts, granting him partial relief in the case of alleged market manipulation with his cousin and former IIFL Securities Ltd director Sanjiv Bhasin.
The Securities Appellate Tribunal's (SAT) directions came in appeals filed by Lalit Bhasin and two companies, challenging the Securities and Exchange Board of India's (Sebi's) ad-interim ex-parte order of 17 June made public on Saturday (12 July).
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