The Securities and Exchange Board of India has moved the Supreme Court partially challenging a Securities Appellate Tribunal (SAT) order granting relief to four managers and the company secretary of Sahara India Commercial Corporation Ltd (SICCL).

In a stock exchange filing, the company said NLC India has been “declared as preferred bidder for critical and strategic mineral block auctions conducted by the Ministry of Mines”.

The Securities and Exchange Board of India has approached the Supreme Court. This follows a Securities Appellate Tribunal order that provided relief to four managers and the…