SEBI Cannot Rely on ‘Intrinsic’ Investigation Report Without Furnishing Copy to Accused: Delhi High Court
The Delhi High Court has ruled that the Securities and Exchange Board of India cannot withhold its investigation report from an accused when that report forms the foundation of the decision to prosecute. The Court emphasized that denying such material violates the accused’s right to a fair trial under Article 21 of the Constitution of India. Background of the case The case arose from a criminal complaint filed by SEBI…
