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"To hold a simple one-way trade as manipulative when it is not a circular or reversal trade and in the absence of any shred of evidence of mutual arrangement with a motive to manipulate the market, the impugned order cannot be sustained and is quashed," the tribunal said in its 33-page order on Wednesday. ....
Get latest articles and stories on Latest News at LatestLY. The Securities Appellate Tribunal (SAT) on Wednesday quashed a Sebi order imposing a penalty of Rs 7 lakh on Jio Financial Services Ltd in case of alleged manipulation in certain trades in long-dated Nifty options in 2017. Latest News | SAT Quashes Sebi's Rs 7 Lakh Fine Against RIL's Subsidiary. ....
The Securities Appellate Tribunal (SAT) set aside the penalty imposed by Sebi on Mukesh Ambani and two other entities in a case related to alleged manipulative trading in the shares of erstwhile Reliance Petroleum Ltd (RPL). ....
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? ....