NSDL plea against Sebi IPO order adjourned till Jun 9

Securities Appellate Tribunal (SAT) today adjourned the plea filed by National Securities Depository (NSDL) against the Sebi order pertaining to the Yes Bank and IDF IPO till June 9.

"The Sebi lawyer was absent. The case was supposed to be heard and admitted today," a SAT official said.

NSDL moved SAT against the Sebi order in the matter of irregularities found in IPO allotments of Yes Bank and IDFC.

The market regulator had charged NSDL of gross negligence, against which the latter objected and said it is not a self-regulatory organisation as claimed by Sebi in its order.