Reliance Petroleum case: SAT to hear RIL plea against Sebi order on Nov 13

The Securities Appellate Tribunal on Wednesday is likely to hear an appeal by Reliance Industries Ltd against a Sebi order that had barred the company and 12 of its promoter group entities from dealing in equity derivatives.

The watchdog had barred the company and the entities for alleged unfair trade practices related to the securities market.

Through an order on March 24, 2017, Sebi had also directed RIL to disgorge Rs 447 crore along with interest.

The total amount of disgorgement, including interest, was around Rs 1,952 crore.

SAT would hear RIL’s appeal against the Sebi ban on Wednesday, as per the tribunal’s cause list.