Friends,
In our PIL calling the full page advertisement by Sahara India Parivar on 17 March 2013 against the provisions of law, Hon'ble Allahabad High Court, Lucknow Bench today directed Sahara India and Sri Subrata Roy Sahara to file their reply within 2 weeks. In the last hearing, Hon'ble Court had issued notice to the two private respondents. The next date of hearing is 22 April.
The PIL said that a private person and a private organization have openly denigrated and accused SEBI which seems to be a criminal misconduct under sections 186 and 189 IPC and provisions of Companies Act 1956 and hence had asked for necessary legal actions against those violating law.
We consider it an important development in the case.
The PIL said that a private person and a private organization have openly denigrated and accused SEBI which seems to be a criminal misconduct under sections 186 and 189 IPC and provisions of Companies Act 1956 and hence had asked for necessary legal actions against those violating law.
We consider it an important development in the case.
Amitabh Thakur
Lucknow
# 094155-34526
# 094155-34526
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