The tribunal has directed Ambani to deposit 50 per cent of the penalty amount and asked Sebi to file a reply in the matter within four weeks. “There should be no recovery of the penalty amount subject to 50 per cent of deposit within four weeks,” said Justice P.S. Dinesh Kumar.
In an order dated August 22, Sebi had alleged siphoning off of funds from RHFL by doling out loans to borrowers linked with the promoters.
Sebi had imposed a total penalty of ₹625 crore on 26 entities.
Denne historien er fra October 19, 2024-utgaven av Business Standard.
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Denne historien er fra October 19, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Trim exposure if it exceeds 20%, avoid complete exit
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Power planning
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Brics+ Unit: Is it a bridge too far?
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I-T Bill may lead to increased tax burden on LLPs
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Europe: The view from the periphery
Rakesh Batabyal has published his book at the right moment, when the European and global order created after the fall of the outer Soviet Empire in 1989 and of the Soviet Union in 1991 has broken down.
How BYD's 5-min charging stacks up against competition
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Supply chain issues likely to hit aircraft deliveries for 4-5 years: Air India CEO
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