SAT grants interim relief to Anand Subramanian in NSE Himalayan Yogi case

Directs Subramanian to deposit Rs 60 lakh within four weeks

The Securities Appellate Tribunal (SAT) has granted an interim relief to Anand Subramanian, former group operating officer (GOO) National Stock Exchange (NSE) in the Himalyan Yogi case.

The tribunal has directed Subramanian to deposit Rs 60 lakh within four weeks.

“If such an amount is deposited, the balance amount shall not be recovered during the pendency of the appeal,” SAT members Tarun Agarwala, MT Joshi and Meera Swarup said in an order.

On February 11, the Securities and Exchange Board of India (Sebi) had imposed a penalty of Rs 2 crore on Subramanian for alleged governance lapses at NSE. The