Bombay HC reprimands SEBI for Contempt and Non-Compliance of Orders regarding Minority Shareholders’ Rights [Read Order]

SEBI is a public body, it is required to act in public interest, it needs to comply with the orders passed by this Court, more particularly, when the orders have attained finality in the facts andcircumstances of the present case
SEBI - Minority - Shareholders’ Rights - Non-Compliance - taxscan

In a recent development, the Bombay High Court criticized the Securities and Exchange Board of India (SEBI) for failing to adhere to the court’s directive to provide documents related to proceedings against Bharat Nidhi Ltd (BNL), a company owned by Vineet Jain, MD of Times Group. Bombay High Court Justices GS Kulkarni and Jitendra Jain…

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