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https://www.scconline.com/blog/post/2022/09/14/appellants-not-aggrievedperson-cannot-file-appeals-questioning-legality-veracity-sebisorder-granting-exemption-tamilnadmercantilebanklimited-underregulation300sebiicdrregulations-sat-legal-updates-r/
Shareholders of Tamilnad Mercantile Bank restrained by SEBI to participate in IPO; SAT quashes appeals as the aggrieved parties were not part of Offer for Sale
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