Kotak AMC moves SC over SAT ruling in Essel case

Posted 1 hour ago by

Economic Times

Kotak Mahindra Asset Management Co. has approached the Supreme Court challenging a Securities Appellate Tribunal order that upheld SEBI's findings against it regarding investments made by six fixed maturity plans in Essel Group companies. The tribunal had previously confirmed SEBI's penalties for regulatory lapses and delayed payouts, though it set aside a fee disgorgement order.