SAT Quashes MCX Penalty on Ventura Securities
The Securities Appellate Tribunal quashed MCX’s ₹1.49 crore penalty on Ventura Securities, ruling that the order was signed by a former member of the exchange’s panel.
Mumbai: The Securities Appellate Tribunal (SAT) has quashed a 1.49 crore penalty imposed by MCX on Ventura Securities, ruling that the order was signed by a former member of the exchange's panel.In an order dated October 26, SAT held that MCX's September 28 order was legally unsustainable because S…