Announced Tue, 2 Jun, 2026 · 16:57 IST
Supreme Court clears RIL of fraud charge in RPL scrip case
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RELIANCE · price
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Price reaction · full curve 14 horizons · vs prior close
-1.0%1-day move
₹1321.00
prior close
₹1315.00
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AI summary
Supreme Court ruled in RIL's favor in the RPL scrip case, setting aside the SAT finding of fraud under PFUTP Regulations. RIL had been directed to disgorge Rs. 447.27 crore plus 12% interest by SEBI in 2017, with SAT upholding the order in 2020. SC held RIL only violated position limit disclosure requirements under 2001 SEBI and NSE circulars and is liable for penalty under those. RIL had deposited Rs. 250 crore in 2020 and paid Rs. 25 crore penalty in 2021.
Likely market impact
Major relief for RIL as Supreme Court set aside fraud finding; Rs. 447 crore disgorgement and F&O ban no longer stand. Removes a long-pending overhang.