The Securities Appellate Tribunal has overturned a verdict against NDTV founders Radhika and Prannoy Roy which barred them from accessing the securities market.
In an order dated July 20, the tribunal said that allegations that NDTV founders had given up control of the company through a personal loan taken in 2009 were “a figment of imagination”, “against the material evidence on record” and “wholly erroneous”.
