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After hearing the grievances of investors and clients of Anugrah Stock & Broking Pvt Ltd (Anugrah) the Bombay High Court says there exists a prima facie case and the statutory authorities have, indeed, failed in performing their duties under the law. Especially the bench observed that market regulator Securities and Exchange Board of India (SEBI), which has wide powers, ought to have passed necessary orders in the interest of clients or constituents of Anugrah. Action, if any, taken by the authorities, including SEBI, were at a belated state, the HC noted.
The bench of justice SS Shinde and justice MS Karnik was hearing petitions filed by investor-clients of the crisis-hit Anugrah Stock & Brokers. Dr Birendra Saraf of Parinam Law Associates represented the investors during the hearing.
People eligible for the coronavirus vaccine tell us they are running up against barriers that are designed into the very systems meant to serve those most at risk of dying of the disease. We plan to continue tracking these roadblocks.
The Supreme Court on Tuesday pulled up Centre for dragging its feet by seeking more time for installing CCTV cameras in the offices of Central probe agencies like the CBI, NIA, ED and others.
Reliance Industries (RIL) Chairman Mukesh Ambani is now the eighth richest person in the world with a fortune of $83 billion, according to the Hurun Global Rich List 2021.