Supreme Court · 2022 INSC 796 · Decided 5 August 2022
Reliance Industries Limited v. Securities and Exchange Board of India & ORS.
- Court
- Supreme Court of India
- Citation
- 2022 INSC 796 · [2022] 15 S.C.R. 730
- Case number
- CRIMINAL APPEAL No. 1167/2022
- Decided
- 5 August 2022
- Bench
- N.V. RAMANA, J.K. MAHESHWARI, HIMA KOHLI (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Criminal
- Acts & sections cited
- CrPC; Evidence Act Section 129; Companies Act Section 77
Headnote
Companies Act, 1956 - s.77 - Non-disclosure of information by SEBI - SEBI directed to act fairly - Complaint was filed with SEBI against RIL & its associate companies and its directors alleging that they fraudulently shares of RIL to entities purportedly connected with RIL - Investigation Report was submitted by the Investigating Authority on 04.02.2005 - SEBI in its counter affidavit admitted that the aforesaid report was inconclusive and recommended further enquiry in this regard -
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