Rashmi Saluja seeks more time in SAT case; hearing set for Oct. 9
In short
Rashmi Saluja has asked for more time in the SAT case linked to SEBI’s UPSI matter. The dispute is about open-offer timing, and a May ruling had already involved disgorgement and penalties.
The next hearing is on October 9. It is not stated whether the request for more time was approved or how the case will move next.
What the reporting says
Religare’s former chairperson Rashmi Saluja has sought more time in the SAT matter tied to SEBI’s UPSI case. The reported dispute centers on open-offer timing, and the earlier May ruling involved disgorgement and penalties. The next hearing is set for October 9. The available reporting does not say whether SAT granted the extension or changed any order.
Why it matters
Rashmi Saluja, former chairperson of Religare, has sought more time in the SAT matter related to SEBI’s UPSI case. The reported issue is the timing of an open offer, and the case follows a May ruling on disgorgement and penalties. The next hearing is scheduled for October 9, but the source does not state the outcome of the extension request.