SC sends Vedanta-linked Cairn’s ₹5.25-crore SEBI penalty case back to SAT

Summarized by PinBrief · From The Hindu · 2h ago

The Supreme Court has referred the SEBI penalty case against Vedanta‑linked Cairn Energy, amounting to ₹5.25 crore, back to the Securities Appellate Tribunal for further review. The decision follows a prior ruling that questioned the penalty’s legality. Cairn, a subsidiary of Vedanta, is appealing the fine imposed by the securities regulator. The move underscores the tribunal’s role in overseeing regulatory enforcement.