Securekloud Technologies: SAT Stays Demand Notice, Grants 6-Week Period to Deposit 50% Penalty

Securekloud Technologies Ltd. and its promoters have filed Miscellaneous Applications with the Hon’ble Securities Appellant Tribunal (SAT), Mumbai, seeking a stay on the Notice of demand received from Securities Exchange Board of India, Chennai. The SAT has stayed the Demand Notice and granted a period of 6 weeks from April 29, 2025, to deposit 50% of the penalty amounts. However, SAT was not inclined to grant a complete stay of the Impugned Order dated December 16, 2022. The written order of the SAT is awaited.