Today, On 2nd December, in the Jio-Facebook Case, Supreme Court declines to interfere with SEBI’s Rs.30 lakh penalty on Reliance, holding that the findings raised no substantial question of law. The decision leaves intact SEBI’s action over delayed disclosure of the deal leak.
The Lokpal of India has dismissed all complaints against former SEBI Chairperson Madhabi Puri Buch regarding the Hindenburg matter, deeming the allegations baseless and speculative. The anti-corruption body found no credible evidence to warrant an investigation, criticizing the complainants for filing frivolous claims aimed at sensationalism.
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.