Supreme Court directs SAT to revisit Cairn India buyback case

A Supreme Court bench of Justices JB Pardiwala and KV Viswanathan partly allowed Sebi's appeals against SAT's ruling and asked the tribunal to reconsider the question of "fraud alone" under the PFUTP regulations and decide on the matter in six months. The tribunal was directed to reconsider the matter after examining disputed trading data and other facts.