Securities Appellate Tribunal to remain closed till August 5, 2020

The Securities Appellate Tribunal (SAT) has said it will remain closed till August 5 amid coronavirus pandemic. Earlier, the tribunal had said it would remain closed till July 17.

According to a notification, the tribunal shall remain closed for physical hearing of cases till August 5, considering the present scenario in Mumbai as well as in the other parts of the country. However0, the tribunal will continue to function through video conference from July 20 onwards between 11:30 am and 4:30 pm until further orders with limited staff for the purpose of administrative work.

The Notification further read, “Interim orders if any which are operating shall remain in force till the next date of hearing.”

According to SAT, parties may file cases in extreme urgent matters, by adopting the Standard Operating Procedures (SOPs) laid down in notifications dated April 28, 2020 and June 2, 2020.

In a separate notification, the tribunal has said all the parties/litigants and advocates appearing via video conferencing for hearing of appeal are suggested to email the compilation of documents or proceedings including cases intending to refer, to the registry well in advance before 24 hours of the date fixed for hearing of the subject appeal/ application.