SEBI and Securities Appellate Tribunal
SEBI and Securities Appellate Tribunal

SAT imposes ₹5 lakh costs on SEBI for failing to de-freeze Kirloskar family demat accounts despite orders

The Appellate Tribunal took a dim view of the "blame game" between SEBI and NSDL over the failure to de-freeze the accounts of Atul, Rahul, Alpana and Arti Kirloskar, as well as Jyotsna Kulkarni.

The Securities Appellate Tribunal (SAT) on Monday came down heavily on the Securities and Exchange Board of India (SEBI) for failing to de-freeze the demat accounts of five members of the Kirloskar family despite being ordered to do so last year.

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