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The Securities and Exchange Board of India (Sebi) on Wednesday extended its earlier statement in the Bombay High Court that it will not take any action against Essel Group chairman Subhash Chandra for three weeks, in connection with the summons it had issued.
In January, Sebi stated that it issued multiple summons against Chandra to engage with him in its investigation regarding the alleged fund diversion case. However, Sebi said that Chandra did not respond to the summons.
Top news on 6 April: Tesla is on the lookout for a local partner to establish its operations in India. SC rejected the affidavits submitted by Ramdev and Patanjali's MD Acharya Balkrishna, which offered an unconditional apology in the misleading ads case
Indiabulls Housing Finance moves NCLT against Subhash Chandra to recover loans : Rashtra News #Indiabulls #Housing #Finance #moves #NCLT #Subhash #Chandra #recover #loans Indiabulls Housing Finance has moved the National Company Law Tribunal (NCLT) against media baron Subhash Chandra claiming he had personally guaranteed payment for loans given to companies that were co-borrowers with Essel