Paytm's former independent directors, 6 others pay Rs 3.32 cr to settle alleged Sebi norms violation case

Former compliance officer Amit Khera, former independent directors Ashit Ranjit Lilani and Neeraj Arora, and five others have settled a case with Sebi by paying Rs 3.32 crore for alleged regulatory violations. They were accused of failing to ensure regulatory provisions and making decisions with biases. Sebi's Internal Committee and HPAC approved the settlement.