Alerts & Updates 20th Apr 2026

Inadvertent Disclosure Defect warrants Reduction in Penalty Amount: SAT Grants Relief to NAM

Authors

KC JacobPartner | Mumbai
Tanya Gupta
Tanya GuptaSenior Associate | Mumbai

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SAT finds that technical or non-material disclosure lapses under LODR do not justify disproportionate regulatory sanctions, and that enforcement must be aligned with the principles of intent, impact, and materiality

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