SAT temporarily stays Sebi order against Rajib Kumar Mishra, granting interim relief.
Securities Appellate Tribunal (SAT) temporarily stayed the Securities and Exchange Board of India (Sebi) order barring Rajib Kumar Mishra, former PTC India chairman and managing director, from holding directorial positions in a listed company for six months due to alleged corporate governance lapses. SAT granted Mishra interim relief, allowing the Sebi order to remain in place until the next hearing, with the condition that he deposits 50% of the penalty amount within two weeks.
June 24, 2024
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