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SAT asks SEBI to pass final order in 6 months in case related to CG Power and Industrial Solutions

12 Apr 2021 Evaluate

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.

Peers
Company Name CMP
Waaree Energies 2396.50
Apar Industries 18189.00
Havells India 1059.00
Suzlon Energy 38.35
Siemens 3804.45
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