Sebi entered into a settlement with BNL and related parties in a case relating to the undervaluing of the buyback offer. Shareholders moved the court on grounds that Sebi could not have entered into a settlement since the subject matter of the show cause notice (issued by Sebi to BNL and related entities) could never have been settled. Bombay HC directed SEBI to disclose settlement terms; following which Sebi had moved SC, , sensex, sebi, Surpreme Court