SAT quashes Sebi’s order against NDTV promoters

Mumbai: The Securities Appellate Tribunal has set aside a Securities and Exchange Board of India’s (Sebi) order barring former NDTV promoters Prannoy Roy and Radhika Roy from the capital markets for a period of two years for alleged insider trading.

“The impugned order passed by the WTM dated November 27, 2020, against Prannoy Roy and Radhika Roy in appeal no. 557 of 2020 and 558 of 2020 cannot be sustained and is quashed,” SAT presiding officer justice Tarun Agarwala and technical member Meera Swarup said in order on Thursday.