SAT quashes Sebi penalty against NSE and others in dark-fibre case

SAT quashes Sebi penalty against NSE and others in dark-fibre case

The Securities Appellate Tribunal (SAT) has quashed SEBI’s order against the National Stock Exchange (NSE), its former chief executive Chitra Ramkrishna and others in the dark fibre case. The tribunal has set aside the total penalty of Rs 7 crore imposed by Sebi on NSE and has reduced the penalty on Ramkrishna from Rs 5 … Read more

Why influence PNB Housing’s meeting: SAT to Sebi

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(This story originally appeared in on Jul 14, 2021) MUMBAI: The Securities Appellate Tribunal (SAT) on Tuesday pulled up markets regulator Sebi for trying to pre-empt the outcome of the shareholders’ meeting on June 22. Questioning Sebi’s decision to halt an extraordinary general meeting (EGM) of Housing, the tribunal asked whether it was fair for … Read more

Kishore Biyani moves SAT against Sebi order banning him from capital market

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Future Group founder Kishore Biyani, his brother Anil Biyani and Future Corporate Resources Limited (FCRL) have moved the Securities Appellate Tribunal (SAT) against the Sebi order banning them from the capital market for one year. On February 3, the Securities and Exchange Board of India (Sebi) had banned the Biyani bothers and FCRL from accessing … Read more