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NO HC RELIEF FOR SAJJAN JINDAL, NSIL FROM SEBI PROCEEDINGS
Hindustan Times West UP
|December 12, 2024
MUMBAI: The Bombay high court on Monday refused to interfere in the proceedings initiated by SEBI against Nalwa Sons Investments Ltd (formerly Jindal Strips Ltd) and its directors, including Sajjan Jindal, chairman and managing director of JSW Group, in connection with the 2014 re-organisation of the OP Jindal group.
A division bench of justice MS Sonak and justice Jitendra Jain dismissed a petition filed by the company and the directors, challenging the show cause notice issued by SEBI on August 20, 2024.
The show cause notice was based on a complaint filed by a shareholder of Nalwa Sons Investments Ltd (NSIL) in August 2022.
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