The letter referred to Rijiju s statement at a conclave in New Delhi on March 18 in which he had said that there were “three or four” retired judges who are part of an “anti-India” gang
On March 18, Union Minister of Law and Justice Kiren Rijiju had said that a few retired judges are part of an “anti-India gang” and are forcing the judiciary to play the role of an Opposition party.
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PNB Housing Finance-Carlyle deal: Sebi questions directors’ role
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The PNB Housing board had approved the allotment in May as part of an exercise to raise ₹4,000 crore, with Carlyle becoming a majority owner.
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Mumbai: The Securities and Exchange Board of India (Sebi) has questioned the role played by the directors of
PNB Housing Finance in the planned preferential allotment of shares to the Carlyle Group, in a letter sent late last month.
“On the basis of material available on record, it is evident that the company has failed to comply with the principles governing disclosures and obligations of a listed entity,” Sebi said in a June 25 letter to the company. ET has seen a copy of the note. “Keeping in view the aforesaid apparent transgression of the law, the company and the board of directors are called to explain as to why it cannot be construed that the directors have failed to discharge responsibility cast upon them in law and conse