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SEBI’s order directing Prabhat Dairy to deposit Rs 1,292 crore quashed

SEBI’s order directing Prabhat Dairy to deposit Rs 1,292 crore quashed - Dairy News 7X7

“The direction of the WTM to deposit a sum of Rs 1,292.46 crore is wholly arbitrary and has been passed without any application of mind,” the tribunal said. The Securities Appellate Tribunal (SAT) on November 9 quashed an order, passed by markets regulator Sebi, asking Prabhat Dairy to deposit over Rs 1,292 crore, and also directed […]