SAT admits RIL’s plea on SEBI order

The Securities Appellate Tribunal (SAT) has admitted the plea filed by Reliance Industries Limited (RIL) challenging a SEBI order banning the company from trading in the equity derivatives segment. In an order issued on March 24, the Securities and Exchange Board of India (SEBI) barred RIL from trading in equity derivatives for one year while directing the company to disgorge nearly ₹1,0000000000 in the matter related to the alleged insider trading in the shares of Reliance Petroleum. The tribunal has fixed August 8 as the next date of hearing.