SAT asks former Fortis promoter Malvinder Singh to deposit 50% of SEBI's penalty amount in 6 week's
SAT) has ordered former Fortis promoter Malvinder Mohan Singh to deposit 50 per cent of the penalty amount withing six weeks. The order came in a plea filed by him before the appellate tribunal
On 19 April, SEBI had slapped a penalty of Rs 5 cr on Singh. It had also imposed a penalty of Rs 2.5 cr Malav Holding, a company owned by him. Source: PTI