HDFC Bank and ICICI Bank tussle over Karvy’s pledged shares, says report
Updated : December 04, 2019 11:34 AM IST
The case, the report said, will now require Securities Appellate Tribunal (SAT) to take a decision as both lenders seek to recover Rs 1,000 crore they had lent to Karvy.
According to the report, the banks have alleged that Sebi and NSDL did not respond to their requests on the transfer of securities to clients’ accounts, which would leave them with almost no shares.
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