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Bombay High Court slaps ₹80 lakh costs on SEBI, NSE, BSE for illegal freezing of demat accounts
Update / Judgement Date
28 Aug 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
SEBI & SCRAStock Market
The Bombay High Court imposed a ₹80 lakh cost on SEBI, NSE, and BSE for illegally freezing demat accounts. The ruling highlights the court’s stance against regulatory overreach and emphasizes the need for financial institutions and regulators to adhere to legal and procedural norms.
