CosmicTaco

SEBI Restricts Axis Capital, Delhi HC Stays SECI's Order on RPower

CosmicTaco · 2024-11-26T22:23:45.353963+05:30

- SEBI issued a confirmatory order restricting Axis Capital from certain debt transactions, citing regulatory violations. - Delhi HC stayed SECI's debarment of Reliance Power, questioning the legality and fairness of the decision. - RPower argued the debarment was arbitrary and without proper jurisdiction, impacting its ability to participate in future tenders. Source: [Abp News](https://news.abplive.com/business/sebi-lifts-ban-placed-on-axis-capital-eases-restrictions-on-operations-1733998), [The Economic Times](https://economictimes.indiatimes.com/news/india/delhi-hc-stays-secis-3-year-ban-on-reliance-power-over-allegedly-giving-fake-bank-guarantees/articleshow/115701298.cms)

SEBI issued a confirmatory order restricting Axis Capital from certain debt transactions, citing regulatory violations.
Delhi HC stayed SECI's debarment of Reliance Power, questioning the legality and fairness of the decision.
RPower argued the debarment was arbitrary and without proper jurisdiction, impacting its ability to participate in future tenders.

Source: Abp News, The Economic Times