The Securities Appellate Tribunal (SAT) has set aside an order passed by Adjudicating Officer of Securities and Exchange Board of India (SEBI) against 22 entities for alleged manipulation in trading in Sarang Chemicals Ltd. Rajkot-based Akash Harishbhai Desai was the only one among these 22 entities that includes Gujarat Chief Minister Vijay Rupani’s Hindu undivided family (HUF), who had filed appeal against the SEBI order.
http://www.moneylife.in/article/sat...ad-failed-to-reply-to-sebi-notices/52150.html
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