Mutual Fund case: SEC seeks extension of stay order

The Securities and Exchange Commission (SEC) submitted Tuesday an application to the chamber judge of the Appellate Division of the Supreme Court seeking extension of the stay order over the verdict of the High Court division related to mutual funds, a source said. The Supreme Court earlier stayed the HC verdict until November 25, 2009. But still now the SEC has not got the certified copy of the verdict; and it would depend on the merit of the verdict to appeal against it.

— FE Report