Supreme Court dismisses SEBI's plea against Ambani brothers over 30-year-old transaction

The Court criticised the SEBI for its inordinate delay in issuing show cause notice, adjudicating the dispute and filing an appeal against SAT's order.
Supreme Court, SEBI, Mukesh Ambani and Anil Ambani
Supreme Court, SEBI, Mukesh Ambani and Anil Ambani
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The Supreme Court on Monday dismissed an appeal by Securities Exchange Board of India (SEBI) against Reliance Investment Holdings, Mukesh Ambani, Anil Ambani and other entities over alleged violation of take over regulations concerning a transaction that has its origins in 1994.

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