SC overturns SAT order, frees Reliance Industries from ₹447 crore disgorgement in 2007 RPL case
Supreme Court set aside SAT's directive requiring RIL to disgorge ₹447.27 crore over alleged 2007 Reliance Petroleum share trading violations, ruling no fraud occurred under PFUTP regulations. The court ordered refund of ₹250 crore previously deposited in the investor protection fund, closing a 17-year regulatory overhang.
Supreme Court set aside SAT order directing RIL to disgorge ₹447.27 crore in the 2007 RPL share trading case, ruling no fraud under PFUTP regulations and ordering refund of ₹250 crore deposited in investor protection fund.
Why this matters
Removes a long-standing legal liability as RIL pivots to consumer-led growth, with retail driving over half of FY26 EBITDA and Jio IPO targeted for H1 2026 at $200-240bn valuation.
Retail-company signals steady at 1,402 over the past 90 days.