The Indian Supreme Court has overturned an appellate tribunal's decision to stay an IRDAI order directing Sahara India Life Insurance to transfer its business and accounts to SBI Life Insurance as its financial position deteriorates. The Supreme Court noted the tribunal can hear the application for a stay afresh on 3 August and that Sahara's request will be considered independently and in accordance with the law.from Banking/Finance-Industry-Economic Times https://ift.tt/UCzqiJn
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