The Securities Appellate Tribunal (SAT) has asked markets regulator SEBI to pass a final order in six months in a case related to CG Power and Industrial Solutions, wherein the company's ex-chairman Gautam Thapar and three other former officials were banned from the securities market.
Besides Thapar, the other officials banned were CG Power former chief financial officer V R Venkatesh and former directors Madhav Acharya and B Hariharan.
CG Power and Industrial Solutions (formerly Crompton Greaves) is a global pioneering leader in the management and application of electrical energy. CG provides end-to-end solutions that meet all electrical needs of its customers. CG’s offerings include electrical products, systems and services for utilities, power generation and industries.