Suzlon Energy to challenge SEBI's ₹29 cr penalty order in SAT

Suzlon Energy to challenge SEBI's ₹29 cr penalty order in SAT

Suzlon Energy will appeal to SAT against SEBI's ₹28.95 crore penalty imposed on the company and its promoters for alleged misrepresentation of financial statements between FY14 and FY18, reversing a previous ruling that had cleared them. For investors and governance teams, this signals heightened regulatory scrutiny on historical financial disclosures in Indian listed companies, with SEBI actively exercising revisionary powers to overturn prior adjudication outcomes.