Company's MD is not ipso facto responsible for every alleged contravention of the law by the corporate entities, says bench. What is the 15-year-old RPL case?
SAT Pulls Up SEBI For Failing To De-Freeze Kirloskar Family s Shares, Fined ₹5 Lakh For Its Lackadaisical Approach freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
India Business News: The Securities Appellate Tribunal (SAT) reprimanded SEBI for its lackadaisical approach in failing to defreeze the shares of the Kirloskar family. SAT
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.
On Monday, the Securities Appellate Tribunal (SAT) strongly criticized the Securities and Exchange Board of India (SEBI) for its failure to unfreeze the demat accounts of five Kirloskar family.