The Securities Appellate Tribunal (SAT) has overturned Sebi’s order barring Rajesh Mokashi, former Managing Director of Care Ratings, from engaging with any stock market–related entities for two years over alleged credit-rating manipulation. SAT called Sebi’s action a “misadventure,” noting it seriously harmed Mokashi’s reputation and career, and directed Sebi to pay ₹5 lakh in appeal costs .

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