Supreme Court upholds SEBI's penalties against Kotak AMC for regulatory violations in the Essel Group fixed maturity plan case.

Supreme Court upholds SEBI's penalties against Kotak AMC for regulatory violations in the Essel Group fixed maturity plan case.

NEW DELHI: Observing that a wrongdoer cannot be allowed to use the plea of investors having gained, Supreme Court on Monday upheld Sebi's action against Kotak Mahindra Asset…