اکیل نے بھارت کے لئے $ 550M کا نیا فنڈ بند کردیا
اکیل نے بھارت کے لئے $ 550M کا نیا فنڈ بند کردیا
December 2, 2019
موت کا رجحان
موت کا رجحان
December 3, 2019
بججی فنانس نے کاروی سے متعلق SEBI کے فیصلے کو چیلنج کیا: 'حصص گروی رکھنے کا حق ہے' – Moneycontrol.com

Translating…

Last Updated : Dec 02, 2019 08:40 PM IST | Source: Moneycontrol.com

Bajaj Finance has moved the SAT to challenge SEBI’s decision on restoring Karvy’s pledged securities to its clients.

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Bajaj Finance has contested the decision of Securities and Exchange Board of India (SEBI) to return to Karvy’s clients the securities that the broking house had illegally pledged to raise money for itself.

The company today moved the Securities Appellate Tribunal (SAT), claiming that it has right to the pledged securities and that SEBI was wrong in returning the securities to accounts of Karvy’s clients.

Bajaj Finance made SEBI and Karvy party to the case. SAT will hear the matter on December 3.

The Karvy case came to light after the broking firm defaulted on payouts to clients, and it emerged that it had used client securities to raise money to trade – some of which had gone bad. Moneycontrol broke this story.

Banks have a total fund-based exposure of Rs 1,415 crore, according to a report.

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First Published on Dec 2, 2019 08:40 pm

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