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SAT Quashes SEBI's Rs70 Crore Penalty Order against Mukesh Ambani, RIL and 2 SEZs

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. ....

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