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Delhi HC asks Sebi to oversee closure of Arihant Mangal
Mint Bangalore
|September 02, 2025
The Delhi High Court (HC) on Monday asked the market regulator to take charge of the winding up of the fraud-hit Arihant Mangal (Growth) Scheme, launched by CRB Capital Markets Ltd more than three decades ago.
Justice Pratibha M. Singh dissolved the Special Committee formed in 2013 that had been overseeing the mutual fund scheme, noting that it had failed to properly discharge its duties, and directed the Securities and Exchange Board of India (Sebi) to assume full responsibility for completing the winding up.
Esta historia es de la edición September 02, 2025 de Mint Bangalore.
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