Supreme Court rejects SEBI's appeal against SAT order exonerating Mukesh Ambani in 2007 case

The Supreme Court on Monday dismissed an appeal filed by the Securities Exchange Board of India (SEBI) against Securities Appellate Tribunal's (SAT) decision to quash a penalty against chairman of Reliance Industries Limited (RIL) Mukesh Ambani over allegations of manipulating Reliance Petroleum Limited's (RPL) stock in 2007.