SAT disposes of RIL appeal

The Securities Appellate Tribunal has disposed of an appeal filed by Reliance Industries Limited (RIL) against the Securities and Exchange Board of India, after the market regulator agreed to provide certain documents to the corporate house for inspection in connection with a long-running insider trading probe. The case relates to investigation into suspected insider trading violations way back in 2007 and another appeal by RIL in this matter is now being heard by SAT against SEBI’s rejection to a consent settlement plea. In this matter, RIL had asked Sebi to furnish certain documents for inspection and it had filed a separate appeal after the regulator refused to share those documents. — PTI