SAT sets aside SEBI order to impose Rs 7 lakh fine: Jaypee Infratech

SAT sets aside SEBI order to impose Rs 7 lakh fine: Jaypee Infratech

Jaypee Infratech on Tuesday said the Securities Appellate Tribunal (SAT) has set aside a SEBI order which imposed a penalty of Rs 7 lakh on the company for disclosure lapses.

In a regulatory filing, Jaypee Infratech said the Securities and Exchange Board of India (SEBI) had passed an adjudication order on March 14, 2022 regarding disclosures required to be made to the stock exchanges.