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.
The Delhi High Court has issued a contempt notice to BluSmart, Gensol, and others for allegedly violating a court order regarding 10 Tata Tigor EVs. Shefasteq claims the companies obstructed efforts to locate the vehicles and failed to provide required information. Legal proceedings involving Gensol have escalated amid serious allegations from SEBI.
