'Sebi acted in haste': Chanda Kochhar gets interim relief from SAT

Tribunal directs Kochhar to file a fresh application before Sebi

Granting interim relief to former ICICI Bank managing director & chief executive officer Chanda Kochhar, the Securities and Appellate Tribunal (SAT) on Thursday said Sebi “acted in haste in fixing a date for hearing without supplying the requisite documents to the appellant (Kochhar)”.

SAT directed Kochhar to file before Sebi a fresh application, indicating with clarity and precision the documents sought for inspection, within two weeks. After getting such a request, according to the tribunal, Sebi should either provide inspection or pass an appropriate order giving reasons why the appellant could not be provided inspection or a copy of the