Suzlon Energy Fails To Get Immediate Stay From SAT Against SEBI Penalty

Suzlon Energy failed to get an immediate stay from the Securities Appellate Tribunal (SAT) against a SEBI penalty of Rs 29 crore.

SAT directed SEBI to respond before the next hearing on August 7.

The penalty was imposed on Suzlon Energy and its directors for alleged violations.

Suzlon's stock price may be impacted by the lack of interim relief.