Supreme Court partly allowed and disposed the appeal of New India Assurance Company Ltd challenging the Rajasthan High Court judgement awarding compensation of Rs.56,44,378/- by applying the multiplier to the net salary payable to the claimant/ first respondent.
The Supreme Court has observed that though a noticee under the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations has a right to disclosure of material relevant to proceedings against him, the same was valid only under the protection of third-party rights.
The Supreme Court on Monday refused to interfere with the decision of the Madras High Court to transfer to CBI, the alleged religious conversion and suicide case of a 17-year-old in Thanjavur.