SEBI directed to Accept Payment Despite One-Day Delay; Writ Petition Allowed

Priya Ranjan Sah Vs Securities and Exchange Board of India & Anr (Calcutta High Court) Calcutta High Court has instructed the Securities and Exchange Board of India (SEBI) to accept a payment from Priya Ranjan Sah, despite a dispute over a single day’s delay. The court’s ruling sets aside an order issued by SEBI’s Recovery Officer and Deputy General Manager dated May 30, 2025, which had seemingly rejected the payment. During the hearing, SEBI contended that the petitioner’s payment was delayed by one day, while the petitioner maintained it was made within the stipul...