Woman Who Made Allegations Against Actors After Release of Hema Committee Report Approaches Kerala HC Seeking Anticipatory Bail

The Allahabad High Court has held that the SEBI Act prevails over the IPC and CrPC in cases involving the misappropriation of investors’ money by brokers. The court ruled that criminal courts cannot take cognizance of such cases, as they fall under the jurisdiction of the SEBI Act, a special law that overrides general laws like the IPC and CrPC. The case involved a broker accused of misappropriating funds, and the court emphasized that disputes between brokers and investors should be resolved under the SEBI Act. The ruling underscores the importance of adhering to specialized legal frameworks for financial and securities-related disputes.