Section 16(1) in Securities Appellate Tribunal (Procedure) Rules, 2000
(1)On the day fixed or on any other day to which the hearing may be adjourned, the appellant shall be heard in support of the appeaL The Securities Appellate Tribunal shall, then, if necessary, hear the Board or its authorised representative against the appeal, and in such case the appellant shall be entitled to reply. During the course of the hearing of appeal the written arguments could be supplemented by time-bound oral arguments.
