New Delhi: The Supreme Court on Monday admitted petitions challenging a sectoral tribunal’s judgement that set aside a Securities and Exchange Board of India (Sebi) order that banned former Tata Finance Ltd managing director Dilip Pendse from the securities market for two years for allegedly violating insider trading norms.
Sebi in March 2001 had also imposed a penalty of Rs5 lakh each on Pendse, his wife Anuradha and Nalini Properties for allegedly rigging Global Telesystem Ltd shares.
Plea challenging BJP’s lotus symbol rejected
New Delhi: The Supreme Court on Monday refused to enetertain a petition alleging that the Bharatiya Janata Party’s ( BJP) lotus symbol was against a legislation that protects national insignia. The petition, filed by Shaheen Parvez, said the BJP’s use of the lotus as its symbol was violative of the Emblems and Names (Prevention of improper Use) Act, 1950. The Delhi high court had in November dismissed Parvez’s petition after which she approached the apex court.