Court directed SEBI to provide required documents to minority shareholders of BNL

Ashok Dayabhai Shah And Ors Vs Securities And Exchange Board of India And Ors (Bombay High Court) Bombay High Court held that minority shareholders of Bharat Nidhi Ltd. (BNL) are entitled to get documents related to proceedings by SEBI against BNL. Accordingly, directed to provide the same in terms of Court’s order dated 23 October 2023. Facts- The petitioners in these two writ petitions are minority shareholders of respondent no.2-Bharat Nidhi Ltd. (BNL). They had made various complaints to respondent no.1-SEBI of violation by BNL of various provisions of securities laws, including violatio...