[DHFL scam] Madras High Court issues notice in PIL seeking fact-finding investigation by SEBI

Grievance has been raised that SEBI has completely distanced itself from taking action against the scam-ridden DHFL, and key managerial personnel, including Kapil Wadhawan and Dheeraj Wadhawan.
Dewan Housing
Dewan Housing

The Madras High Court on Tuesday issued notice in a public interest litigation (PIL) petition urging the Court to direct the Securities and Exchange Board of India (SEBI) to investigate, solve and settle the crisis that arose out of the fraudulent affairs of the Dewan Housing Finance Corporation Ltd (DHFL) and its key managerial personnel (Ranganathan v. SEBI).

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