NEW DELHI: The Supreme Court on Friday cleared Reliance Industries (RIL) of the charge of making an illegal and undue gain of Rs 447 crore in 2007 while trading in Reliance Petroleum (RPL) shares by allegedly manipulating prices and set aside Securities Appellate Tribunal's order allowing disgorgement of the profit.

In a landmark ruling, the Supreme Court has sided with Reliance Industries Ltd in a trading case that has spanned over 15 years. The court has annulled a substantial disgorgement…

Supreme Court overturns order for Reliance Industries to repay ₹447 crore, challenging SEBI's findings on RPL share trading.

Supreme Court overturns order for Reliance Industries to return ₹447 crore, citing errors in the Securities Appellate Tribunal's judgment.