Depositories Act, 1996
23F. Appeal to High Court
Any person aggrieved by any decision order of the Securities Appellate
Tribunal may file an appeal to the High Court within sixty days from the date
of communication of the decision or order of the Securities Appellate Tribunal
to him on any question of fact or law arising out of such order:
PROVIDED that the High Court may, if it is satisfied
that the appellant was prevented by sufficient cause from filing the appeal
within the said period, allot it to be filed within a further period not
exceeding sixty days.]