In appeals filed against Securities Appellate Tribunal's (SAT) quashing of SEBI orders in the Karvy Stock Broking case, the Supreme Court recently directed that no coercive action be taken against SEBI, National Securities Depository Limited (NSDL) and the National Stock Exchange of India Limited (NSE).A three-Judge Bench of Chief Justice DY Chandrachud, Justices JB Pardiwala and Manoj...