No Respite For Gensol As SAT Rejects Appeal For Stay On SEBI Order

Securities Appellate Tribunal (SAT) rejected a plea filed by troubled Gensol engineering against SEBI’s interim order

In its appeal, Gensol said that the SEBI’s order was “illegal, unjustified, and unwarranted” as the regulator relied on selective facts to present a skewed narrative

Gensol also denied forging letters, yet again, against which SEBI’s counsel Chetan Kapadia said that the alleged forgery of documents was “just the tip of the iceberg”

The…