Demat a/c frozen by stock exchange under circular dated 11-6-2019 are now required to be defreezed immediately: SAT

COMPANY LAW/SEBI: As a result of failure on part of Company to pay listing fee, stock exchange took recourse to its circular dated 11-6-2019 and took steps to freeze demat accounts of promoter and promoter groups including appellants. Appellant has challenged action of BSE Ltd. (BSE) in freezing demat account and have filed present appeal.

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