SAT lifts trading ban on Parsvnath developers

The Securities Appellate Tribunal (SAT) on Friday stayed the trade restriction order by securities market regulator Securities and Exchange Board of India (Sebi) on real estate firm Parsvnath Developers. Parsvnath Developers was among the 331 suspected shell companies that the Securities and Exchange Board of India (SEBI) had identified and place under surveillance, curtailing trading to just one day a month. Earlier, SAT on Thursday stayed the trade restriction order by the market regulator on J Kumar Infraprojects and Prakash Industries.