Post by Bar and Bench

The Supreme Court on July 13 sought responses from Wadia Group chairperson Nusli Wadia and textile company Bombay Dyeing on appeals filed by the SEBI against a Securities Appellate Tribunal (SAT) ruling that exonerated Wadia and others in a fraudulent scheme case. The dispute concerns 11 memoranda of understanding executed between Bombay Dyeing and SCAL Services Limited, both Wadia Group companies, for the bulk sale of flats in Mumbai. Read more: https://lnkd.in/deTF-vn6 Senior Advocates Arvind Datar and Navin Pahwa appeared for SEBI. Senior Advocates Abhishek Manu Singhvi and Darius Khambata appeared for Bombay Dyeing and Wadias. #SupremeCourtofIndia #SEBI #SecuritiesAppellateTribunal #BombayDyeing #LegalNews