SC says SAT order in Bombay Dyeing case not to be treated as precedent, but refuses stay

The Supreme Court declined to halt a Securities Appellate Tribunal order concerning Bombay Dyeing. SEBI's plea challenging the tribunal's decision was issued notice by the court. The tribunal had previously overturned SEBI's regulatory directions against the company and its promoters. This ruling involved transactions between Bombay Dyeing and SCAL Services Limited.