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SEBI Slaps ₹2 5 Crore Fine On TIL, Former Officials Over Fictitious Transactions

Markets regulator Sebi has imposed a penalty of Rs 2.5 crore on TIL Ltd and three former officials for indulging in fictitious purchase and sales leading to over-statement of sales and revenue for 2019-20 and 2020-21. The fine needs to be paid within 45 days, the Securities and Exchange Board of India (Sebi) said in its order.

TIL, promoter and senior execs fined Rs 2 5 cr for making up transactions to get bank loans

TIL, promoter and senior execs fined Rs 2 5 cr for making up transactions to get bank loans
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