SAT quashes BSE order against Ashika Stock Broking

The Securities Appellate Tribunal (SAT) today set aside BSE's order against Ashika Stock Broking while directing the bourse to pass a fresh order in the matter within four months.
"...Impugned order dated October 25, 2013 is quashed and set aside and the matter is restored to the file of respondents (BSE and Indian Clearing Corporation)," SAT said in an order.
"Respondents are directed to pass fresh order on merits and in accordance with law after giving personal hearing to the appellant as early as possible and preferably within four months from today," SAT added.