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Failure of SEBI to provide documents to the appellant being ...


SEBI Fails to Provide Documents to Minority Shareholders, Citing Revoked Settlement Orders; Court Demands Compliance.

December 6, 2023

Case Laws     SEBI     HC

Failure of SEBI to provide documents to the appellant being minority shareholders - SEBI from 23 October 2023 has not complied our order directing that the documents be furnished to the petitioners. As pointed out on behalf of the petitioners, SEBI has resorted to all possible efforts, not to comply with the order dated 23 October, 2023. - Moreover, not providing such documents, merely on the ground of the subsequent development that the settlement orders now stands revoked, would completely be an untenable proposition and contrary to our orders - Directions issued - HC

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