SC Refuses To Stay INR 30 Lakh Penalty On RIL 

In its hearing today, the SC bench observed that the matter involved factual findings and did not raise any substantial question of law

The case, which was heard by a bench of chief justice of India (CJI) Surya Kant and justice Joymalya Bagchi, pertains to the SEBI imposing a monetary penalty on two of RIL’s compliance officers for failing to make timely disclosures related to the Facebook-Jio deal

Then, SEBI noted that once the unpublished price-sensitive information (UPSI) leaked…