The Securities Appellate Tribunal (SAT) quashed the regulator’s order banning real estate firm DLF, its promoters and key executives from raising money in the capital market, terming the company’s infractions as “insignificant”. It also came down heavily on the Securities & Exchange Board of India for overregulation and failure to conduct proper investigations leading to “miscarriage of justice” .
SAT rules in favour of DLF; slams Sebi for 'miscarriage of justice'
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