Can't cite investors' profit to escape penalty: SC as it upholds SEBI's fine on Kotak AMC

The Supreme Court upheld SEBI's ₹2.1 crore penalties against Kotak AMC, its trustee and six executives for violating mutual fund regulations. Managing six fixed-maturity plans, Kotak delayed investor redemptions to restructure Essel Group debt. The court rejected the argument that this move secured investor profits, ruling that market integrity should be the paramount consideration.