SC refuses to interfere with SEBI’s ₹30 lakh penalty on Reliance Industries over Jio-Facebook media leak

The Supreme Court has refused to interfere with SEBI’s ₹30 lakh penalty against Reliance Industries’ compliance officers for allegedly delayed disclosure of the 2020 Facebook–Jio investment.

The dispute imposed by SEBI on June 20, 2022, cited violations of Principle 4 of Schedule A under the PIT Regulations.

The Court held that SEBI and the Securities Appellate Tribunal’s findings involved factual issues and did not raise any substantial question of law.

[Reliance Industries Limited v. SEBI]