Bombay High Court quashes FIR order against former Sebi officials

business-standard.com

Bombay High Court quashed an ACB court order for an FIR against former Sebi officials, citing no cognisable offense. The court found the complaint lacked specifics of wrongdoing and that officials were not in office during the alleged irregularities in Cals Refineries' 1994 listing. The High Court also noted the sessions judge's order was passed mechanically, ignoring mandatory prior sanction requirements.


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Bombay High Court quashes FIR order against former Sebi officials | News Minimalist