Stay updated with breaking news from Rafique Dada. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Kotak Securities has also made Sebi a party in the case. The division bench of Justice GS Kulkarni and Justice Jitendra Jain has allowed all the respondents to file their responses in the case and has posted the hearing for January 16. As per the court's website, Kotak Sec filed the case on November 24.
The bench then asked SEBI to file its reply affidavit to petitions challenging the provisions of the regulations by July 28.
The petitioners said the impugned provisions seek to disqualify persons from participating in the securities market merely on the basis of accusations and allegations.
A division bench of Justices Gautam Patel and Neela Gokhale posted Ambani's petition challenging the notice and penalty demand for hearing on April 28, and gave time to the IT department to file its reply
(This story has not been edited by THE WEEK and is auto-generated from a PTI