Penalty of Rs. 1 Cr imposed on Care Rating Ltd. for failing to monitor rating of Rcom was excessive and harsh: SAT

COMPANY LAW/SEBI : Credit rating provided by a Credit Rating Agency (CRA) becomes one of main criteria for an investor to make an investment. Ratings cannot be a subjective opinion and cannot be based solely on information provided by client but has to be based on a scientific analysis based on independent professional judgment considering financials and other performances of Company, etc.

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