Court sends notice to Sebi over handling of complaints
The petition alleges that the Sebi Complaints Redress System, or SCORES, violates the principles of natural justice by disposing of complaints in a mechanical way. According to the petition, the system also fails to provide copies of replies sent by the party against whom a complaint has been lodged
MUMBAI : The Karnataka high court has issued a notice to the Securities and Exchange Board of India (Sebi) after an investor filed a lawsuit against the markets regulator alleging poor handling of complaints through its grievance redressal system.
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