The Bombay High Court today disposed of a petition filed by capital markets regulator Securities and Exchange Board of India (Sebi) challenging an order of the Chief Information Commissioner directing disclosure of all details related to an alleged insider trading case involving Reliance Petroleum Ltd in 2007.
The Securities Appellate Tribunal adjourned hearing on Reliance Industries' appeal against market regulator Sebi till March 14.
The Securities Appellate Tribunal adjourned hearing on RIL's appeal against Sebi till January 24, after the market regulator sought more time to study the petition in a case related to its rejection of a settlement plea by the corporate major.
The Securities and Exchange Board of India rejected Reliance Industries Ltd's request to settle a long-pending dispute over the energy conglomerate's 2007 sale of stock futures in a unit, citing rule changes in late May that took a tougher stance on suspected violations.
Can the Right to Information or RTI Act prevail on a regulator to disclose its investigation findings pending prosecution? This month, the Chief Information Commissioner ruled it to be so. Payaswini Upadhyay asks experts if that in fact was the intent of the RTI Act.
The Ministry of Corporate Affairs (MCA) is now examining the validity of a resolution passed by RIL in 1992 on the basis of which warrants were issued to UTI as well as 34 entities.