š”š²šš š¦ššŗšŗš®šæš
ā¢ Securities Appellate Tribunal (SAT) has overturned the decision made by the Securities and Exchange Board of India (Sebi) against Mukesh Ambani and his company Reliance Industries (RIL) for their alleged role in price-influencing trades in Reliance Petroleum (RPL) stock in 2007.
ā¢ SAT has revoked the penalties imposed on RIL, Ambani, Navi Mumbai SEZ, and Mumbai SEZ, which amounted to a total of Rs 70 crore.
ā¢ The tribunal found that Sebi's actions were unjustified and violated the principles of natural justice, and that there was an inordinate delay in the issuance of the show-cause notice.