SAT Quashes SEBI's Rs70 Crore Penalty Order against Mukesh Ambani, RIL and 2 SEZs

Terming the conclusion by the adjudicating officer (AO) of the Securities and Exchange Board of India (SEBI) as 'baseless', the Securities Appellate Tribunal (SAT) quashed the SEBI order passed against Reliance Industries Ltd (RIL), the group chief Mukesh Ambani, Navi Mumbai SEZ Pvt Ltd and Mumbai SEZ Ltd.

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