SAT adjourns RIL insider case hearing

The Securities Appellate Tribunal (SAT) has adjourned hearing to October 11 on RIL’s appeal against the Securities and Exchange Board of India (Sebi) in the long-running insider trading case. The SAT also declined to allow an intervention petition by an individual who had alleged that there could be collusion between Sebi and the Mukesh Ambani-led Reliance Industries to settle the case. Rejecting the plea,the SAT asked him to approach the Bombay High Court or the Supreme Court,saying the tribunal is not the appropriate forum to hear such a plea.