Bharti, Idea, and Vodafone India then went to the Telecom Disputes Settlement and Appellate Tribunal, which initially stayed the ban.

WSJ: Court Allows Bharti to Offer 3G Services

The group filed its application Wednesday before the Securities Appellate Tribunal, which hears appeals against decisions of the Securities and Exchange Board of India.

WSJ: Sahara Appeals Against Seizure of Assets

Last week, Mr. Roy filed an appeal with the Securities Appellate Tribunal, which hears appeals against SEBI's orders, to protest the decision to freeze his assets.

WSJ: India Moves Court to Detain Sahara Chairman