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The tribunal has quashed Sebis direction barring NSEs former CEO Chitra Ramkrishna from holding any position in stock exchanges or listed companies for three years and three other former officials
The case pertains to alleged differential access given by NSE to certain broking firms over dark fibre, an already laid but unused or passive optical fibre unconnected to active electronics or equipment and does not have other data flowing through it.
They have been asked to pay the penalty amount within 45 days, according to a Sebi order passed on Tuesday
SEBI has imposed a penalty totalling Rs 44 crore on 18 entities, including the National Stock Exchange (NSE), its business development officer Ravi Varanasi, former MD and CEO Chitra Ramkrishna and her adviser Subramanian Anand along with certain stock brokers in the ‘dark fibre’ case.
SEBI imposed a penalty of Rs 7 crore on NSE, Rs 5 crore on Chitra Ramakrishna, Rs 5 crore on Anand Subramanian, and Rs 5 crore on Ravi Varanasi.