Centre looks to fill SAT vacancies as tribunal runs with just two members

The government has invited applications to fill two vacant positions for technical members at the Securities Appellate Tribunal (SAT). One position has been lying vacant since May 2019, the other, since April 2021, as per a circular floated by the government on October 2.

SAT is a quasi-judicial body that hears appeals against orders passed by market regulator Sebi, insurance regulator Irdai and pension sector regulator PFDRA. Currently, the tribunal is functioning with just two members--Presiding Officer Tarun Agarwala and Judicial Member M T Joshi. Since the retirement of Technical Member CKG Nair earlier this year, the tribunal has not