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SC Asks Agency to Hear NDTV Promoters' Appeals Without Insisting on SEBI Fine


SC Asks Agency to Hear NDTV Promoters Appeals Without Insisting on SEBI Fine
SEBI had barred Prannoy and Radhika Roy from the securities market for two years and also directed them to disgorge illegal gains of Rs 16.97 crore for indulging in insider trading more than 12 years ago.
The logo of SEBI on its headquarters; and Prannoy Roy, promoter of NDTV. Photo: PTI
New Delhi: In a relief to New Delhi Television Ltd (NDTV
) promoters Prannoy Roy and Radhika Roy, the Supreme Court on Monday directed Securities Appellate Tribunal (SAT) not to insist on a deposit of half the amount of fines as a pre-condition for hearing their appeals against the orders of markets regulator Securities and Exchange Board of India (SEBI). ....

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