Suzlon

The penalty order, dated February 15, coincided with the Reserve Bank of India's decision to grant an extension to the bank, allowing it until March 15 to wind up operations instead of the initially stipulated February 29.

By 9:30 am, the Sensex marked a notable climb of over 1,000 points to reach 68,525, while the Nifty rose by more than 300 points to around 20,600. Both indices reached all-time peaks, with every sector displaying positive trends.

The allegations pertain to alleged diversion of funds among other irregularities, they said. The company was in the process of revival after Jalan Kalrock Consortium won the bid for Jet Airways under the insolvency resolution process at National Company Law Tribunal (NCLT).