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SAT granted a stay on recovery of penalty and disgorgement for Mauria Udyog, conditioned on depositing 50% of the amounts within four weeks.
SAT rejected Mauria Udyog's plea to stay debarment but stayed penalty and disgorgement recovery, contingent on a 50% deposit of the ₹19.68 Crore liability with SEBI.
SEBI issued a final order restraining Mauria Udyog and its promoters from securities markets for five years. The action follows alleged price and volume manipulation of shares.