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‘Open court hearing on Oct 12’, SC on SEBI’s review petition against RIL

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The Supreme Court will hear SEBIs petition, in an open court, seeking review of its August 5 judgment, which directed the market regulator to share certain documents with Reliance Industries Limited (RIL).

A bench headed by Chief Justice U.U. Lalit and comprising Justices J.K. Maheshwari and Hima Kohli said: “Considering the facts and circumstances on record and the submissions advanced in the review petition, we deem it appropriate to allow application for listing of the instant petition in open court. Let this review petition be listed in court on October 12, 2022.”

SEBI has refused to entertain RIL’s request to share the privileged documents on the grounds that under the Sebi (Settlement Proceedings) Regulations, the accused company has no right to seek information from it.

The apex court, in its judgement, had rejected this stand of the market regulator.

RIL had claimed that documents will exonerate it and its promoters from criminal prosecution initiated in a case related to the alleged irregularities in acquisition of its own shares between 1994 and 2000.

Last week, a bench headed by Justice Sanjiv Khanna had recused from hearing RIL’s petition seeking to initiate contempt proceedings against SEBI for failing to provide certain documents to the company.

On August 5, a bench led by then Chief Justice N.V. Ramana had said: “The approach of SEBI, in failing to disclose the documents, also raises concerns of transparency and fair trial. Opaqueness only propagates prejudice and partiality. Opaqueness is antithetical to transparency.”

The top court had said the market regulator should show fairness and furnish documents sought by RIL, and SEBI has a duty to act fairly, while conducting proceedings or initiating any action against the parties.

RIL filed a contempt petition as SEBI has not shared three documents — the two legal opinions by former apex court judge B.N. Srikrishna and former ICAI president Y.H. Malegam’s report which examined the irregularities.

The company claimed SEBI cannot continue to resist the production of these documents and it had also sent a notice to the regulator saying if documents were not received by August 18, then it will establish that SEBI does not want to comply with the apex court’s judgment.

In 2002, Chartered Accountant S. Gurumurthy filed a complaint with SEBI alleging irregularities by RIL, its associate companies and their directors/promoters, including Mukesh Ambani and his wife, Nita; Anil Ambani and his wife, Tina; and 98 others.

The complaint cited the issue of two preferential placement of non-convertible debentures in 1994.

SEBI had alleged that RIL along with Reliance Petroleum had circuitously funded the acquisition of its own shares in violation of the Sections 77 and 77A of the Companies Act, 1956.

National News

Aadhaar-Based Face Authentication Doubles To 200 Crore Transactions In Just 6 Months

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Aadhaar-based face authentication has set new benchmark, doubling from 100 crore to 200 crore transactions in just 6 months, the government said on Monday.

Aadhaar Face Authentication lets Aadhaar holders verify their identity instantly, securely, and contactless anytime, anywhere, no documents needed.

On August 10, 2025, UIDAI celebrated a landmark 200 crore transactions of Face Authentication, showcasing India’s rapid move towards seamless, secure, and paperless authentication, according to IT Ministry.

The pace of adoption has been exponential. 50 crore transactions were recorded by mid-2024. The number doubled to 100 crore transactions in January 2025 in just about five months. In less than six months, this figure has again doubled, reaching the 200 crore milestone, the ministry informed.

“Reaching 200 crore Aadhaar Face Authentication transactions in such a short time underlines the trust and confidence that both residents and service providers have in Aadhaar’s secure, inclusive, and innovative authentication ecosystem,” said Bhuvnesh Kumar, Chief Executive Officer (CEO), UIDAI.

The journey from 100 crore to 200 crore transactions in under six months is a testament to its scalability and the country’s digital readiness.”

He further added, “From villages to metros, UIDAI is joining forces with governments, banks, and service providers to make Aadhaar Face Authentication a grand success and by giving every Indian the power to prove their identity instantly, securely, and anywhere.”

The swift rise from 100 crore to 200 crore Aadhaar Face Authentication transactions in just six months reflects the core vision of Digital India, transforming the country into a digitally empowered society and knowledge economy.

By enabling instant, secure and paperless identity verification across every corner of the nation, UIDAI is strengthening the backbone of digital governance.

“This milestone is not just about numbers, it is a testament to how inclusive technology, when scaled efficiently, can bridge divides, empower citizens and accelerate India’s journey towards a truly connected and confident digital future,” said the ministry.

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Maharashtra

171 Maharashtra Tourists Safe, Search On For Missing Woman In landslide-hit Uttarakhand

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Mumbai: A woman tourist from Maharashtra has remained untraceable since landslide and flash floods hit Uttarkashi district of Uttarakhand, state Disaster Management Minister Girish Mahajan said on Saturday.

The minister’s office in a statement said that 171 out of the 172 tourists from Maharashtra, who were stranded in the Dharali area, could be contacted, and they were all confirmed safe.

The Statement

“Only one person, Kritika Jain, is still missing, but the authorities are trying to locate her. Efforts are underway to establish contact with the tourist, and the Uttarakhand State Emergency Operations Centre (SEOC) has been instructed to conduct a search for her,” the statement said.

Of the 171 tourists from Maharashtra, 160 are safe at various locations – 31 are in Matli, six in Jolly Grant, and 123 in Uttarkashi – and have continued their journey as planned. The remaining 11 tourists are safe in Harsil and will be airlifted to safety, it stated.

Mahajan is overseeing the rescue operation on-site in Uttarkashi to ensure the safety of tourists.

The Maharashtra State Emergency Operation Centre (SEOC) is in constant touch with its Uttarakhand counterpart, the district control room, the district emergency operations centre in Uttarkashi, and the National Emergency Response Centre in New Delhi.

According to the statement, Chief Minister Devendra Fadnavis is monitoring the situation.

As per information shared by Uttarakhand authorities, the airlift of tourists stranded in Harsil was scheduled for Saturday morning. Army, NDRF, SDRF and local rescue teams are operational in Dharali.

The landslide and floods have damaged roads and disrupted communication networks. Efforts are underway to restore connectivity and basic infrastructure.

A satellite phone has been deployed by IGP Rajeev Swaroop, and the Army has been alerted for immediate response.

The Maharashtra SEOC is coordinating rescue arrangements, updating information, and assisting the concerned families, the statement added.

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National News

‘Hurt By US President Donald Trump’s Tariff Attack, PM Modi Now Posing As Farmers’ Defender,’ Says Congress Leader Jairam Ramesh

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New Delhi: Congress leader Jairam Ramesh took a swipe at Prime Minister Narendra Modi for attempting to portray himself as a champion of Indian farmers, after being “hurt and subdued” by recent criticism from US President Donald Trump.

Ramesh recalled the 2020-21 farmers’ protests against the three farm laws, alleging that the Prime Minister mocked the agitators by calling them “protest enthusiasts” in Parliament. He claimed that over 700 farmers lost their lives during the protests, yet the Prime Minister expressed no regret or sympathy.

“Five years ago, there was a time when the Prime Minister, in Parliament, mocked the protesting farmers by calling them ‘protest enthusiasts.’ More than 700 farmers lost their lives during the protests against three black, anti-farmer laws, but not a single word of pain, regret, or sympathy came from the Prime Minister’s mouth for them. Farmer organizations are still demanding a legal guarantee for MSP, calculated by adding 50% profit to the total cost of production (C2), along with concrete debt relief. The Prime Minister remains completely silent on these demands, even though these same issues were raised by India’s former Vice President,” he posted on X.

“In November 2019, the Prime Minister was fully prepared to include India in the RCEP trade agreement, which could have caused significant harm to Indian farmers and dairy producers. However, due to persistent pressure from the Congress Party and farmer organisations, Prime Minister Modi had to back down at the last moment,” he added.

He further took a jibe, saying, “Now, hurt and subdued by Trump’s attacks, PM Modi is trying to present himself as the greatest champion of Indian farmers, but no one is under any illusion about this.”

On Thursday, in a message against the tariffs imposed by the United States, Prime Minister Narendra Modi asserted that farmers remain India’s top priority and that the country would never compromise their interests.

“For us, the interest of our farmers is our top priority. India will never compromise on the interests of farmers, fishermen and dairy farmers. I know we will have to pay a heavy price for it, and I am ready for it. India is ready for it,” PM Modi said while addressing the MS Swaminathan Centenary International Conference.

His remarks come amid the Trump administration doubling the tariff imposition to 50 per cent on goods from India. During trade negotiations, the United States was pushing for greater access to India’s agricultural market, especially for corn, soybeans, and cotton.

However, India has so far resisted the opening of the agricultural sector and dairy products due to concerns about domestic livelihoods and potential impacts on farmers.

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