HC makes Reliance Industries party in Sebi-CIC tussle on insider trading disclosure

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Sebi had approached the High Court challenging an order of the CIC directing it to disclose the information. (Reuters) Sebi had approached the High Court challenging an order of the CIC directing it to disclose the information. (Reuters)
SummarySebi had approached High Court challenging an order of the CIC directing it to disclose the info.

a probe into alleged violation of regulations for foreign investment and unfair trade practices by Anil Ambani-led firms Reliance Infra and RNRL.

The terms included payment of Rs 50 crore as settlement charges, which were paid by the directors without any financial burden on the companies involved.

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