• Fri. Oct 16th, 2026
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    Tag: fund misappropriation

    Private Resolution Cannot Wipe Off Liability : Supreme Court Says Shareholder Ratification Cannot Cure Fund Diversion
    Private Resolution Cannot Wipe Off Liability : Supreme Court Says Shareholder Ratification Cannot Cure Fund Diversion
    Supreme Court

    Private Resolution Cannot Wipe Off Liability : Supreme Court Says Shareholder Ratification Cannot Cure Fund Diversion

    The Supreme Court of India held shareholder ratification cannot validate securities law breaches, reinstating Securities and Exchange Board of India penalties on Terrascope Ventures Limited and its directors for violating PFUTP Regulations involving fund misappropriation.

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    INS Vikrant Fund Case | Court Refuses to Close Case Against BJP Leader Somaiya, Says Further Probe Needed into Funds Misuse
    Latest newsOther Courts

    INS Vikrant Fund Case | Court Refuses to Close Case Against BJP Leader Somaiya, Says Further Probe Needed into Funds Misuse

    A Mumbai court has expressed serious concerns over the incomplete investigation into funds collected by BJP leader Kirit Somaiya and his son for the decommissioned INS Vikrant. The court has ordered the police to conduct a more thorough probe and submit a detailed report.

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