SEBI NSDL Bhave in soup with multiple PILs Attorney General appears for SEBI

Bar & Bench November 4 2009

The Andhra Pradesh High Court is hearing two writ petitions on behalf of investors in the IPO scam which came to light in 2004-05, wherein several entities opened thousands of demat accounts to invest in IPOs to garner the share that was earmarked for retail investors. Attorney General Ghoolam Vahanvati is appearing for SEBI before the Bench comprising Chief Justice Anil Dave and Justice Nagarjuna Reddy. Vivek Reddy, Founding Partner of Vivek Reddy Law Chambers, is appearing on behalf of both the Petitioners.

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