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SAT junks Sebi's RS 7 crore fine on NSE in dark-fibre case
![IndiaTimes]()
Thursday, 14 December 2023
The Securities Appellate Tribunal (SAT) has quashed Sebi's order imposing a fine of Rs 7 crore on NSE in the dark-fibre case. Additionally, the tribunal set aside a fine of Rs 5 crore on Anand Subramanian. The SAT ruling came after 16 appeals were filed against Sebi's order passed in June 2022. The case relates to the alleged differential access given to certain broking firms in the form of 'dark fibre' at NSE. Sebi had imposed penalties for violation of regulations and flouting the SCRA.
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Thursday, 14 December 2023
