SAT Sets Aside Ban on Nusli Wadia, Sons, and Others

** SAT Overturns SEBI Ban on Bombay Dyeing** The Securities Appellate Tribunal (SAT) has set aside the regulatory ban imposed on Bombay Dyeing and its executives, concurrently nullifying all associated penalties and restrictions on directorship roles. The Tribunal cited the Securities and Exchange Board of India's (SEBI) excessive delay of nearly nine years in adjudicating allegations concerning fraudulent financial manipulation as the primary basis for the reversal.