Mumbai, Aug. 7 -- The Securities Appellate Tribunal (SAT) has stayed the markets regulator's disgorgement and debarment order against Bollywood actor Arshad Warsi in the Sadhna Broadcast Ltd (SBL) stock manipulation case, pending the outcome of his appeal.

The tribunal clarified that Warsi and the co-appellants, including his wife Maria Goretti and brother Iqbal Warsi, need to deposit a total of Rs.60 lakh in an escrow account, pending the final outcome, said the 31 July verdict.

The SAT bench, led by presiding officer Justice P.S. Dinesh Kumar, noted that Rs.40,66,760 had already been deposited in compliance with its March 2023 interim order. So, Warsi must deposit Rs.19,33,240 more to meet the tribunal's condition.

The case will next...