"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.
Tribunal Quashes SEBI's Order Against Mukesh Ambani, 2 Others - khabarindia.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from khabarindia.in Daily Mail and Mail on Sunday newspapers.
RPL case: SAT quashes SEBI's order against Ambani, 2 others tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.