New Presiding Officer for SAT

The Securities Appellate Tribunal (SAT) has got a new Presiding Officer with the appointment of JP Devadhar, a former Justice at Bombay High Court. The post at SAT, a statutory body that hears the appeals filed against the orders passed by capital market regulator SEBI, was lying vacant since November, 2011, when the last presiding officer Justice N. K. Sodhi retired. Earlier Jog Singh, a member of SAT, was the officiating Presiding Officer. Apart from the Presiding Officer, the other two members at SAT are Jog Singh and A. S. Lamba. — PTI