SEBI cannot be forced to hand over documents to accused: Calcutta HC

Securities and Exchange Board of India (SEBI) Vs MPS Greenery Developers Limited and Ors. (Calcutta High Court) Calcutta High Court held that SEBI cannot be forced to hand over documents to the accused. Accordingly, allowing petition u/s. 91 of the Code of Criminal Procedure as preferred by the accused is not sustainable. Facts- The revisional application has been preferred against an order dated 09.02.2023 and 30.06.2023 passed by the Judge, 5th Special Court, Kolkata u/s. 11(4)/11B/12 (1B) of the Securities and Exchange Board of India Act, 1992 and Regulation 5(1) read with Regulation 68(1)/...