Overview
- A bench led by Justice Surya Kant criticized SEBI for "double standards" and questioned the CBI’s "cool" approach, including the absence of a predicate FIR.
- The CBI director was told to convene a joint meeting with ED, SEBI and SFIO, the court sought fresh affidavits, and Delhi Police’s EOW was asked to produce original inquiry records.
- Judges questioned the Ministry of Corporate Affairs over reports that roughly 100 violations were compounded in two days.
- Sammaan Capital said no regulator has substantiated the claims, noted the erstwhile promoter’s exit, and stated it is open to any inquiry.
- Shares of Sammaan Capital fell about 12–13% on the BSE after the hearing, and the next court date is set for December 17.