New delhi, July 14

The Securities Appellate Tribunal (SAT) has restrained SEBI’s Adjudicating Officer from proceeding till September 15 in a matter related to former ICICI Bank chief Chanda Kochhar.

The matter pertains to a show-cause notice issued by the regulator to Kochhar on the basis of an analysis of a report by retired Justice BN Srikrishna.

The committee, in its report, observed that Kochhar violated bank policies and other rules and regulations. — PTI