SAT Stays SEBI Penalty Recovery Against DroneAcharya, Seeks 50% Deposit

Securities Appellate Tribunal (SAT) has temporarily stayed the recovery of penalties imposed by SEBI on DroneAcharya and its promoters

The BSE SME–listed drone company said SAT has admitted its appeal against SEBI’s November 28 order and halted the recovery of the penalty with immediate effect

The tribunal has directed DroneAcharya to deposit 50% of the penalty amount within four weeks, while the remaining sum will not be recovered during the pendency of the case

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