What is penalty for dropping a piece and pressing the clock? | Shant Sargsyan vs Parham Maghsoodloo

A very common occurrence at the World Blitz Championship is that a player makes a move, a piece falls, but before adjusting it back to its square, the player presses the clock. So now either the player or his opponent adjusts the piece, but it is done in the time of the person who has not made the mistake. Most of the times such situations are ignored by players and the game continues. In this encounter between Armenian GM Shant Sargsyan and GM Parham Maghsoodloo, the latter decided to call the arbiter when Shant dropped a piece and pressed the clock. What is the penalty for such an error?

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