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Securities Appellate Tribunal (SAT) News

Securities Appellate Tribunal (SAT)

07 Aug 2017

SAT puts off hearing on Irdai-Sahara Life to August 10

Insurance regulator Irdai had on July 28 asked private sector life insurer ICICI Prudential Life to take over the business of beleaguered Sahara Life on or before August 21.

Sahara India Life Insurance Company Ltd

03 Aug 2017

''Valuation of Sahara India Life only after tribunal decision''

Sahara India Life should also transfer the assets corresponding to the changes in the policyholder liabilities as on July 31, 2018 as per the valuation of insurance liabilities report prepared by the independent actuary.

01 Aug 2017

IRDAI missed early warning signals at Sahara India Life

A cursory reading of the Insurance Regulatory and Development Authority`s (IRDAI) order against Sahara India Life in 2012 shows the regulator has clearly missed the wood for the trees, officials told IANS on condition of anonymity.

Securities Appellate Tribunal (SAT)

31 Jul 2017

In landmark case, SAT stays IRDAI's order against Sahara Life

In a statement, Sahara India Life said SAT, condemning the order of Insurance Regulatory and Development Authority of India (IRDAI), also raised serious objection against the order.

Securities Appellate Tribunal (SAT)

28 Jul 2017

SAT rejects Sahara plea against Sebi order on mutual fund biz

The Tribunal said the law empowers Sebi to take actions in the interest of protecting investors and hence lifting the corporate veil to the extent to identify who controls a regulated entity cannot be faulted.

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