Financial Daily from THE HINDU group of publications
Saturday, Dec 11, 2004
Financial Daily from THE HINDU group of publications Saturday, Dec 11, 2004 |
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Courts/Legal Issues Delhi HC sets up court for SEBI cases Our Bureau
Mumbai , Dec. 10 THE Delhi High Court has set up a designated court for dealing with Securities and Exchange Board of India (SEBI) prosecution cases. SEBI had moved a proposal for setting up a designated or special court before the Chief Justice of High Court of Judicature at Delhi. The designated court shall facilitate speedy disposal of about 300 SEBI cases which are pending in different courts at Delhi, said a SEBI press release. In pursuance of the directions dated December 1, 2004 of the Delhi High Court, the Session Judge, Delhi, vide order dated December 3, 2004 transferred all SEBI prosecution cases to the Court of Ms Asha Menon, Additional Session Judge, Delhi, the release said. SEBI has also moved a proposal for setting up a designated court in Mumbai, which is waiting for approval before the Government of Maharashtra.
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