SC Commands SEBI To Refund Rs 3 Billion To NSE
The supreme court of India ordered India's national market regulator SEBI to refund Rs 3 billion ($36.3 million) to National Stock Exchange(NSE). The order comes as part of disgorgement in the case of alleged lapses in the bourse's system filed by the SEBI back in 2019. However, this return is contingent on the agreement of the exchange to return the amount with interest if SEBI wins an appeal in the co-location scam case.
NSE and SEBI are renowned bodies that play an important role ...