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NSE Colo Scam: SAT Quashes, Drastically Reduces Penalties Slapped by SEBI on 19 Entities, Including NSE's Top Executives

Terming the adjudication orders passed by the Securities and Exchange Board of India (SEBI) as arbitrary and violative of the principles of natural justice, the securities appellate tribunal (SAT) has quashed and drastically reduced penalties imposed against 19 entities. ....

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Sebi Penalty Against NSE in Dark-Fibre Case Quashed by SAT

Sebi Penalty Against NSE in Dark-Fibre Case Quashed by SAT
vervetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vervetimes.com Daily Mail and Mail on Sunday newspapers.

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sat on sebi penalty: SAT quashes Sebi penalty against NSE in dark-fibre case

The tribunal has set aside the total penalty of Rs 7 crore imposed by Sebi on NSE and has reduced the penalty on Ramkrishna from Rs 5 crore to Rs 25 lakh. Sebi had initiated investigation after it received complaints which alleged irregularities with respect to certain brokers availing point to point dark fibre connectivity from Sampark Infotainment. ....

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Dark-fibre case: Sebi penalty against NSE quashed

Dark-fibre case: Sebi penalty against NSE quashed
rediff.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rediff.com Daily Mail and Mail on Sunday newspapers.

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NSE Colo Case: SAT Asks SEBI To Refund Rs72.58 Core to NSE, Way2wealth Brokers & GKN Securities

While dismissing several orders passed by the Securities and Exchange Board of India (SEBI) in the National Stock Exchange (NSE) colocation matter, the Securities Appellate Tribunal (SAT) has asked the regulator to refund Rs72.58 crore with interest deposited by NSE, Way2wealth Brokers Pvt Ltd and GKN Securities. SAT also dismissed SEBI s prohibitory orders against Chitra Ramkrishna, former managing director and chief executive officer (MD&CEO) of NSE, Ravi Varanasi, Nagendra Kumar and Devi Prasad Singh, all top executives of the Exchange and MR Shashibhushan, Sonali Gupta, Omprakash Gupta and Rahul Gupta. ....

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