SEBI: SAT sets aside SEBI order de-recognition of ICEX

[ad_1] Mumbai: Securities Appellate Tribunal ,satThe Commodity Exchange of India (SEBI) has quashed the order de-recognition of the Indian Commodity Exchange.ICEX) Tribunal, which hears appeals against SEBIIt also pulled up the regulator for not giving the exchange an opportunity to revive itself. In May 2022, SEBI passed an order withdrawing the recognition given to ICEX as a stock exchange. Its order was based on the argument that the minimum net worth for the exchanges fell below ₹100 crore. SEBI also pointed out that the exchange did not address the various…