The Securities Appellate Tribunal (SAT) Monday adjourned the NSE co-location matter to September 18 after capital markets regulator Sebi sought more time to reply to petitions.
A division bench of SAT presided over by Justice Tarun Agarwala, member CKG Nair and judicial member Justice MT Joshi adjourned the matter.
The matter pertains to one of the biggest orders passed by the Sebi on April 30 against NSE officials, including former heads Chitra Ramakrishna and Ravi Narain, in the co-location case, where the largest stock bourse was found guilty of providing preferential treatment to select brokers.
The former heads of NSE, other officials and