The Securities Appellate Tribunal (SAT) has quashed the order passed by Securities and Exchange Board of India (SEBI) against a director of Falcon Tyres Ltd and a non-executive director of Dunlop India Ltd inter alia restraining them from accessing the securities market for a period of two years for allegedly violating certain provisions of the Listing Agreement and Securities Contracts (Regulation) Rules (SCRR) minimum public shareholding (MPS) requirement.