In January 2021, Sebi imposed a Rs 25 crore fine on Reliance Industries Ltd(RIL), Rs 15 crore on Ambani, who is the company s Chairman and Managing Director, Rs 20 crore on Navi Mumbai SEZ Pvt Ltd and Rs 10 crore on Mumbai SEZ Ltd in RPL case.
The SAT has concluded that the information said to have been possessed by the Roys when the traded in the NDTV shares was not price sensitive, contrary to the SEBI findings on this aspect.
SAT held that SEBI had passed the interim order barring Warsi and others from dealing in the securities market, without considering the essential facts.