‘Misleading financial statements’: Suzlon to challenge Sebi’s penalty order before SAT

Suzlon Energy plans to challenge Sebi’s order imposing penalties of nearly Rs 29 crore on the company and former executives over alleged accounting and disclosure violations related to FY14-FY18. The company will appeal before the Securities Appellate Tribunal, while Sebi maintains that certain transactions and disclosures misrepresented its financial position.

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