NEW DELHI: Securities Appellate Tribunal (SAT) has set aside the NSE's 2017 order banning OPG Securities for six months and has asked the exchange to pass a fresh order in the matter. The NSE had introduced co-location server at its premises in 2009 and OPG had subscribed the facility, according to the SAT order. However, another forensic report by EY LLP in the same issue was submitted and OPG argued that the report depicts a different picture, the order said. Besides, it directed the NSE to pass the order in six week after giving an opportunity to OPG Securities for hearing. On Tuesday, Sebi had barred OPG Securities, its three directors for five years from accessing securities market and asked them to disgorge illegal gains of more than ₹15 crore in the NSE co-location facility case.

Source: Mint May 02, 2019 13:18 UTC