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SEBI bars 8 entities in Infosys insider trading case, impounds accounts
By IANS |
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Exchanges, clearing corps asked to begin asset liquidation of defaulters. Image Source: IANS News
Mumbai, June 1 : The Securities and Exchange Board of India (SEBI) has barred eight entities, including individuals and two financial companies, for being involved in insider trading in the scrip of Infosys.
The entities are Pranshu Bhutra, Amit Bhutra, Bharath C. Jain, Manish C. Jain, Ankush Bhutra, Venkata Subramaniam V.V., and firms Capital One Partners and Tesora Capital.
The investigation found that the total proceeds generated from insider trading was over Rs 3.06 crore.
No more leeway for personal guarantors post SC verdict
By IANS |
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SC says remarks against top court growing and everybody joining (Photo Courtesy: Twitter). Image Source: IANS News
New Delhi, May 21 : With the Supreme Court on Friday upholding the Centre s notification of November 15, 2019, allowing financial institutions to proceed against individual personal corporate guarantors for recovery of loans of a company under Insolvency and Bankruptcy Code (IBC) proceedings, legal experts say this verdict will go a long way in terms of recovery of dues by the creditors.
DHFL s former promoter Kapil Wadhawan and Bhushan Power & Steel s former owner Sanjay Singal may be among the affected people post the verdict.
The Mistry group s review petition in the Supreme Court will be an important milestone in the Tata versus Mistry legal fight with lawyers saying that very few review petitions succeed at the apex court. The overturning of the NCLAT judgement by the Supreme Court threatens to loom large over the head of the Shapoorji Pallonji Group. Alleging that the Supreme Court has failed to consider all allegations pertaining to oppression and mismanagement at Tata Sons, the Shapoorji Pallonji group has filed a review petition. It is pertinent to note that the scope of review petition is limited as the petition is admitted only when there is discovery of new and important matter or evidence or when there is an apparent mistake or error on the face of the record. In the present case, the Supreme court has considered all the presented facts including oppression and mismanagement of minorities, therefore restricting the admission of the same, said Sonam Chandwani, Managing Partner at KS Legal &