Supreme Court hauls up Sebi over show-cause after 10-year probe

Supreme Court hauls up Sebi over show-cause after 10-year probe https://ift.tt/TjO7Zuy Supreme Court has criticized the Securities and Exchange Board of India (Sebi) for issuing a show cause notice to a company ten years after conducting an investigation. The case involves the alleged misuse of funds raised through preferential allotment of shares by Alps Motor Finance. The court has directed Sebi to hold an inquiry into the delay and submit a report.