SAT has also directed the Future Group promoters to deposit a sum of Rs 11 crore as an interim measure., , kishore biyani, future group, amazon india, reliance industries
SAT stays Sebi order banning Kishore Biyani, other Future promoters from markets
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SAT stays Sebi order banning Kishore Biyani, other Future promoters from markets
PTI / Feb 16, 2021, 23:06 IST
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Future Retail chairperson Kishore Biyani (File photo)
NEW DELHI: The Securities Appellate Tribunal (SAT) has stayed an order passed by Securities and Exchange Board of India (Sebi) that had banned Future Retail chairperson Kishore Biyani and some other promoters from the securities market for one year for alleged insider trading.
SAT has also directed the Future Group promoters to deposit a sum of Rs 11 crore as an interim measure. In a hearing held on February 15, 2021, the Securities Appellate Tribunal has stayed the effect and operation of Sebi s order accusing the promoters of the Future Group of insider trading in the context of purchases of Future Retail shares made in March 2017, Future Corporate Resources Private Limited (FCRPL) said
SAT Stays SEBI Order Against Kishore Biyani, Future Group Entity
Feb 16 2021, 12:10 PM
February 15 2021, 10:08 PM
February 16 2021, 12:10 PM
The Securities Appellate Tribunal has stayed the market regulatorâs order that restricted Future Group founder Kishore Biyani, his brother Anil Biyani and Future Corporate Resources Pvt., along with other individuals from accessing the securities market for a year.
The Securities Appellate Tribunal has stayed the market regulatorâs order that restricted Future Group founder Kishore Biyani, his brother Anil Biyani and Future Corporate Resources Pvt., along with other individuals from accessing the securities market for a year.
A three-member bench led by Justice Tarun Agarwala, who heard the matter through video conferencing, stayed the effect and operation of Securities and Exchange Board of Indiaâs order. It has directed the entities to deposit an amount of Rs 11 crore and will hear the matter in April, as per the media rel
SAT stays SEBI’s order banning Kishore Biyani, other Future promoters from markets
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Kishore Biyani. File
The Securities Appellate Tribunal (SAT) has stayed the order passed by market regulator SEBI, that had put a one-year ban on Future Retail Chairperson Kishore Biyani and some other promoters from the securities market.
SAT has also directed the Future Group promoters to deposit a sum of ₹11 crore as an interim measure.
“In a hearing held on February 15, 2021, the Securities Appellate Tribunal has stayed the effect and operation of SEBI’s order accusing the promoters of the Future Group of insider trading in the context of purchases of Future Retail shares made in March 2017,” Future Corporate Resources Private Limited (FCRPL) said in a statement.
Insider Trading: किशोर बियानी को मार्केट्स से दूर रखने के सेबी के फैसले को SAT ने बरकरार रखा Insider Trading-tribunal stays SEBI order barring Kishore Biyani from share markets-Future Group moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.