Bombay High Court Dismisses Writ Petition Filed by Promoters of Binny Ltd against SEBI; Imposes Costs
In a writ petition filed by Binny Ltd and one of its promoters, M Nandagopal, against the Securities & Exchange Board of India (SEBI), a Bombay High Court bench of Justice Gautam Patel has observed a “specific finding based on a forensic audit report of an alleged diversion of funds of Rs851.27 crore” and also a “reference to loss to investors” in the said forensic audit report.
Tamil Nadu Justice Gautam Patel Bombay High Court High Court Securities Exchange Board Of India Sv Global Mill Ltd
Source: moneylife.in