The Securities Appellate Tribunal (SAT) rejected Reliance Industries Ltd, (RIL) appeal against SEBI owing to the deletion of Section 15T (2) and insertion of Section 15JB (4) into the SEBI Act with retrospective effect from April 20, 2007, by Ordinance No: 2 of 2014, which bars appeal against any order passed in consent proceedings. In a case involving insider trading of … [Read more...] about SAT Dismisses RIL Appeal In Insider Trading Case
Reliance Industries Ltd (RIL)
RIL Issues Arbitration Notice To The Govt
Despite being directed by the Cabinet to revise gas price from April 1, 2014 as per the Rangarajan committee formula, the govt has delayed it because of a directive of the Election Commission in view of model code of conduct. Even after the code of conduct was over, the Ministry of Petroleum and Natural Gas has indicated that gas prices would only be announced for second … [Read more...] about RIL Issues Arbitration Notice To The Govt