RDB Rasayans Ltd has informed BSE that the Company has received SAT Order dated July 26, 2016 in the matter of SAT Appeal No. 514, 532, 533 and 534 of 2015 of RDB Rasayans Limited, Mr. Sunder Lal Dugar, Mr. Shanti Lal Baid and Mr. Sandeep Baid against the order passed by the Whole Time Member (WTM) of SEBI on December 19, 2014 wherein :
SAT, in view of its decision that the appellants are guilty of violating the ICDR Regulations and PFUTP Regulations and the appellants have already undergone the debarment imposed under the impugned Order, without going into the question as to whether the WTM of SEBI was justified in upholding the two additional charges, has disposed of all the appeals as infructuous with no order as to costs.
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