The Securities Appellate Tribunal (SAT) has set aside a SEBI order that imposed a Rs 5 lakh fine on CG Power and Industrial Solutions for flouting disclosure norms and listing agreements. "The impugned order dated December 23, 2022, SEBI's adjudicating officer has imposed a penalty of Rs 5 lakhs upon the appellant-company for violation of the listing agreement under section 23E of the Securities Contracts (Regulation) Act (SCRA), cannot be sustained and is quashed," SAT said in the order passed on Thursday.