The Supreme Court on Monday deferred to February 5, the hearing of a petition filed by NDTV promoters, Prannoy Roy and Radhika Roy against the order of Securities Appellate Tribunal (SAT) to deposit 50 percent of the disgorged amount before markets regulator SEBI within four weeks.
The penalty was imposed in a case where SEBI received a complaint dated August 26, 2017 from Quantum Securities Pvt Ltd relating to the 3 loan agreements signed between Prannoy Roy, Radhika Roy and RRPR Holding Pvt.
Supreme Court has permitted Franklin Templeton Trustees to call a meeting of its unitholders to seek their consent for the closure of 6 mutual fund schemes during the Covid-19 pandemic while ordering a stay on requests of redemption from investor.
In the Siddique Kappan case, the Supreme Court says it is unhappy with unfair reporting, UP government says Kappan is in custody after proper trial. SEBI requests Supreme Court to cancel parole of Subrata Roy of Sahara if he fails to pay up Rs 62,600 crore.
The Supreme Court has received a petition from the Securities and Exchange Board of India (SEBI), India’s stock market regulator, asking for directions to beleaguered Sahara India chief Subrata Roy to pay up Rs 62,600 in dues.
Delhi High Court on Monday issued notice to the Trustee and Asset Management Company of Franklin Templeton Mutual Fund and SEBI on the plea of writ petitioner Amruta Garg, challenging the Winding Up notice to close its 6 debt funds.