Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs21.5 lakh on Reliance Home Finance Ltd (RHFL), the company s chief executive officer Ravindra Sudhalkar, compliance officer Parul Jain and chief financial officer (CFO) Pinkesh Shah for failing to disclose the deviation in the proceeds raised from the issue of debt non-convertible debentures (NCDs) and concealing adverse information which had the potential to paint the company in a negative light from a forensic audit report. Earlier, on 6 February 2023, SEBI rejected the settlement application filed by these four.
Article 299 - No immunity from statute merely because a contract is entered in the President s name. Glock Asia-Pacific Ltd. v. Union of India, 2023 LiveLaw (SC) 459 : AIR 2023 SC 2777 : 2023 INSC.
Supreme Court Quarterly Civil Digest Jan – Mar, 2023AAccess to JusticeFundamental right of Access to Justice - Abolition of OAT does not violate right of access to justice as cases will be heard by.
Constitution of India, 1950; Article 142 - Insolvency of Reliance Home Finance Ltd (RHFL) - the Supreme Court allowed the Resolution Plan (RP) proposed by Authum Investments and Infrastructure Ltd..