IL&FS case: SAT refuses to stay SEBI proceedings in 2nd show-cause notice against India Ratings - Moneycontrol 07-Jul-2020

IL&FS case: SAT refuses to stay SEBI proceedings in 2nd show-cause notice against India Ratings - Moneycontrol

Regarding an appeal against SEBI order imposing Rs 25 lakh penalty on India Ratings, the tribunal directed the rating agency to deposit the amount with the regulator within four weeks, which would be subject to the result of the appeal.

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