National Securities Depository Ltd vs Securities Exchange Board of India
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![SEBI’s Administrative Circulars Outside SAT’s Appellate Jurisdiction: SC [Read Judgment]](https://www.livelaw.in/cms/wp-content/uploads/2015/12/Supreme-Court-of-India-Live-Law-min.jpg "SEBI’s Administrative Circulars Outside SAT’s Appellate Jurisdiction: SC [Read Judgment]")