New Delhi, August 5
In a reduction to Reliance Industries Ltd (RIL), the Supreme Court on Friday directed SEBI to give RIL entry to sure documents relied upon by the market regulator in its probe right into a share acquisition matter. “In the case at hand, SEBI could not have claimed privilege over certain parts of the documents and at the same time, agreeing to disclose some part. Such selective disclosure cannot be countenanced in law as it clearly amounts to cherry-picking,” a three-judge Bench headed by CJI NV Ramana stated.
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