SC to SEBI: Provide documents to RIL regarding share acquisition : The Tribune India

0


Tribune News Service

New Delhi, August 5

In a relief to Reliance Industries Ltd (RIL), the Supreme Court on Friday directed SEBI to give RIL access to certain documents relied upon by the market regulator in its probe into a share acquisition matter. “In the case at hand, SEBI could not have claimed privilege over certain parts of the documents and at the same time, agreeing to disclose some part. Such selective disclosure cannot be countenanced in law as it clearly amounts to cherry-picking,” a three-judge Bench headed by CJI NV Ramana said.

Initiating frivolous criminal actions against large corporations would give rise to adverse economic consequences for the country in the long run. — SC Bench

FOLLOW US ON GOOGLE NEWS

 

Read original article here

Denial of responsibility! Pedfire is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment