Appeal to SAT under SEBI Act lies against an order

Solution

Section 15T of SEBI Act Appeal to the Securities Appellate Tribunal- (1) Save as provided in sub-section (2), any person aggrieved— (a) by an order of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999 (32 of 1999), under this Act, or the rules or regulations made thereunder; or (b) by an order made by an adjudicating officer 6 under this Act; or (c) by an order of the Insurance Regulatory and Development Authority or the Pension Fund Regulatory and Development Authority, may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter.