SAT grants interim relief to ex-NSE chief Chitra Ramkrishna in Yogi matter

Tribunal has asked her not to deposit Rs 2 crore in six weeks. If deposited, the balance amount will not be recovered during appeal pendency

The Securities Appellate Tribunal (SAT) has granted an interim relief to former MD & CEO of the National Stock Exchange (NSE) Chitra Ramkrishna in the Himalyan Yogi case. The tribunal has directed Ramkrishna  to deposit Rs 2 crore within six weeks. “If such an amount is deposited, the balance amount shall not be recovered during the pendency of the appeal,” SAT members Tarun Agarwala and Meera Swarup.

On February 11, market regulator Securities and Exchange Board of India (Sebi) had imposed a penalty of Rs 3 crore on Ramkrishna for alleged governance lapses. The market regulator had also directed NSE