DLF asked to file affidavit on fund needs

DLF asked to file affidavit on fund needs

FPJ BureauUpdated: Saturday, June 01, 2019, 07:10 AM IST
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Mumbai:  The Securities Appellate Tribunal (SAT) asked realty giant DLF to submit an affidavit to the tribunal and market regulator Sebi detailing its immediate fund requirements and their end-use to secure an interim relief to access money stuck in mutual funds.   Hearing a DLF petition challenging the three-year ban that Sebi had slapped on it on October 14, a full-bench of SAT asked the company to submit the affidavit by November 3. It will give an interim order on November 5.

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