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.
Source: moneylife.in