Currently, SAT has only one bench which sits in Mumbai. All the orders passed by the Securities and Exchange Board of India (Sebi) can be appealed in SAT. The proposed move will help expedite cases related to securities markets.
SAT is a statutory body established under the provisions of the Sebi Act, 1992, to hear and dispose of appeals against orders passed by the capital markets regulator. While unveiling the Budget 2016-17 in the Lok Sabha, Jaitley proposed to amend the Sebi Act to increase benches in SAT to reduce pendency.

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