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Photo Credit: IANS IANSLive New Delhi, Jan 6 (IANS) In a major development, the Supreme Court has stayed an order of the Securities Appellate Tribunal (SAT) wherein the latter had substituted a penalty by SEBI in a case of fraudulent trading in the shares of Mapro Industries, with just a warning. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Update: 06-January-2021

Supreme Court stays SAT order replacing penalty with warning File photo In a major development, the Supreme Court has stayed an order of the Securities Appellate Tribunal (SAT) wherein the latter had substituted a penalty by SEBI in a case of fraudulent trading in the shares of Mapro Industries, with just a warning. The matter pertains to an appeal filed by the Securities and Exchange Board of India (SEBI) folllowing the SAT order. The top court noted that the direction substituting the penalty, which was imposed for indulging in fraudulent and unfair trading practices Section 15HA of the SEB...

SC stays SAT order replacing penalty with warning ​ By IANS | Published on ​ Wed, Jan 6 2021 21:21 IST | ​ 0 Views Supreme Court. (File Photo: IANS). Image Source: IANS News New Delhi, Jan 6 : In a major development, the Supreme Court has stayed an order of the Securities Appellate Tribunal (SAT) wherein the latter had substituted a penalty by SEBI in a case of fraudulent trading in the shares of Mapro Industries, with just a warning. The matter pertains to an appeal filed by the Securities and Exchange Board of India (SEBI) folllowing the SAT order. The top court noted that the d...