Markets regulator Sebi had asked the stock exchanges to restrict trading in shares of 331 "suspected shell companies", some of which have investments by several well-known domestic
and foreign investors.
The move came after the watchdog received the list of such companies from the corporate affairs ministry and many of the 331 firms are under the scanner of the Serious Fraud Investigation Office (SFIO) and the Income Tax Department.
JKumar Infraprojects and Prakash Industries had moved the SAT against the Sebi directions.
Following their appeals, the SAT has stayed the trading restrictions imposed on the two companies and these shares can resume normal trading from Friday.
Out of the 331 companies on the list, more than 160 are actively traded shares on the exchanges.
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