Overview

• An interim order by Whole-Time Member Kamlesh Varshney directs impounding of Rs 173.14 crore and restrains the eight from market access pending recovery.
• SEBI alleges the group built unusually large IEX put-option positions before the July 23 market-coupling directive from the power regulator.
• IEX shares fell about 29.6% on July 24, producing gains the regulator describes as unlawful proceeds from unpublished, price-sensitive information.
• Court-authorised searches conducted September 18–20 seized digital evidence and recorded statements indicating leaks from senior CERC officials.
• A copy of the order was sent to CERC for any necessary action as SEBI’s enforcement proceedings continue.