SC overturns SAT order, frees Reliance Industries from ₹447 crore disgorgement in 2007 RPL case
Supreme Court set aside SAT's directive requiring RIL to disgorge ₹447.27 crore over alleged 2007 Reliance Petroleum share trading violations, ruling no fraud occurred under PFUTP regulations. The court ordered refund of ₹250 crore previously deposited in the investor protection fund, closing a 17-year regulatory overhang.
Supreme Court overturned SAT order, freeing Reliance Industries from ₹447 crore disgorgement in the 2007 RPL share trading case.
The Hindu BusinessLine · 5/29/2026, 11:02:36 AM · Ask about this →