National News
SC issues contempt notice to SEBI on RIL plea on non-compliance of court order
The Supreme Court has issued a contempt notice to the Securities and Exchange Board of India (SEBI) on Reliance Industries (RIL) plea alleging non-compliance of the court’s August 5 order, which directed the market regulator to provide access to certain documents to the company.
A bench comprising Justices M.R. Shah and M.M. Sundresh said: “Issue notice to the respondent, making it returnable on December 2, 2022. Abhishek Singh, counsel accepts service of notice on behalf of the respondent.”
Senior advocate Harish N. Salve, appearing on behalf of RIL, vehemently submitted that despite the August 5 order passed by the apex court by which the respondent (SEBI) was directed to furnish a copy of the documents, the same has not been furnished till date.
Senior advocate and former Attorney General of India K.K. Venugopal, representing SEBI, submitted that the review petition preferred by the respondent is pending before this court and, therefore, no further order be passed in the present proceedings.
The bench, in its order, noted: “We have gone through the subsequent order passed by this court dated October 12, 2022 in review petition. The pendency of an appeal and/or writ petition along with stay cannot be equated with pendency of the review petition.
I”There is a final decision by this court in an appeal. Merely because the stay application is pending in review petition cannot be a ground to grant stay by the respondent on its own and not to comply with the directions issued by this court.”
The bench said it is required to be noted that the State of J&K Vs. Mohd. Yaqoob Khan and others was a case where against the ex-parte order passed by the single judge, pending writ petition, the contempt proceedings were initiated.
“Therefore, this court observed that when the stay application is yet to be heard and decided and disposed of, the contempt proceedings cannot be initiated. Under the circumstances, the said decision(s) cannot be of any assistance to the respondent,” said the apex court.
The bench has scheduled the matter for further hearing on December 2.
The company had sought three documents from SEBI that it had claimed would 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.
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 Supreme Court judge B.N. Srikrishna and former ICAI President Y.H. Malegam’s report which examined the irregularities.
The company claimed that SEBI cannot continue to resist the production of these documents and it had also sent a notice to the market 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
Maharashtra Deputy CM Ajit Pawar-Led NCP To Consider Solo Run In Thane As Allies Exclude It From Seat Talks

Thane: The Ajit Pawar-led NCP on Tuesday said it has kept open the option to contest the upcoming Thane municipal council elections separately as it was being kept out of the seat-sharing discussions by its allies in Mahayuti.
Nationalist Congress Party spokesperson Anand Paranjape claimed that while local leaders of the BJP and Shiv Sena have already initiated talks to finalise seat sharing in the TMC polls, the NCP has not been invited for these deliberations.
“Even though meetings of the alliance partners are underway, the NCP has not been invited. Therefore, we have begun preparations to contest the elections independently,” he said.
Our Thane district president, Najeeb Mulla, has not been contacted by either the BJP or the Shiv Sena, Paranjape claimed.
He said the NCP would declare its seat expectations only after being formally invited to the alliance talks.
He said 380 aspirants have been interviewed over the past two days.
“If the NCP is offered respectable representation in the alliance for the Thane Municipal Corporation, we are ready to contest together. Otherwise, the NCP is fully prepared to contest all 131 seats on its own,” he added.
Paranjape said the NCP favours contesting as part of the grand alliance wherever possible, but local tie-ups or independent contests would also be considered if necessary.
Referring to the recent elections to 288 municipal councils and nagar panchayats, Paranjape said mayors from the grand alliance of BJP, Shiv Sena, and NCP were elected in around 215 bodies.
“People of Maharashtra have reaffirmed their faith in the Mahayuti government led by Chief Minister Devendra Fadnavis and Deputy Chief Ministers Ajit Pawar and Eknath Shinde,” he added.
The long-awaited polls to 29 municipal corporations in Maharashtra, including cash-rich Mumbai, will be held on January 15, and votes will be counted on the following day.
Crime
Delhi Police arrest female drug peddler, seize ganja and cash

New Delhi, Dec 23: In a major boost to the Centre’s ‘Drug-Free India’ campaign, Delhi Police have arrested a female drug peddler in Nihal Vihar and recovered 341 grams of ganja along with Rs 3.72 lakh in cash, suspected to be proceeds from the sale of narcotics, officials said on Tuesday.
According to Delhi Police, the action was carried out by a patrolling team of Police Station Nihal Vihar on December 20, following specific directions from the Deputy Commissioner of Police, Outer District, to maintain heightened vigilance against drug trafficking.
The team, comprising ASI Arvind, Woman Head Constable Yogita and Constable Sanjeet, was on routine patrol in the Adhyapak Nagar area when they noticed a suspicious woman standing near a house close to Pari Garden with a brown-coloured carry bag.
Police said that as soon as the woman noticed the patrol team, the crowd gathered around her dispersed, and she attempted to flee.
“On sensing the police staff, the crowd dispersed immediately, and the female carrying the brown-coloured carry bag also attempted to flee, but the vigilant team swiftly chased and apprehended her on the spot,” the police said in its press note.
Upon weighing, the contraband was found to be 341 grams of ganja. A total sum of Rs 3,72,830 was also recovered, which police believe to be proceeds from the illegal sale of narcotics.
The seized drugs and cash were confiscated on the spot following due legal procedures.
Subsequently, a case was registered at Police Station Nihal Vihar vide FIR No. 960/2025 under Section 20(b)(ii)A of the Narcotic Drugs and Psychotropic Substances (NDPS) Act. The accused woman was formally arrested in the case.
Further verification revealed that the accused has a criminal history and was previously involved in more than five cases under the Delhi Excise Act, police said.
“The Outer District police remain committed to eliminating narcotics-related crimes and safeguarding the community,” said DCP Sachin Sharma.
National News
‘Stolen Symbol, Hollow Claim’: Shiv Sena (UBT) Attacks Maharashtra Deputy CM Eknath Shinde’s ‘Real Sena’ Assertion After Local Body Polls

Mumbai: The Shiv Sena Uddhav Balasaheb Thackeray (UBT) on Tuesday attacked Deputy Chief Minister and Shiv Sena chief Eknath Shinde over his claim that Maharashtra local body polls have finally settled the debate over the “real” Shiv Sena.
In a scathing editorial in the party’s mouthpiece, ‘Saamana’, the Thackeray camp claimed, “The liars say, ‘Our Shiv Sena is real!’ But what is real and what is fake – the common people of the state recognise this. Those who dedicated their victory to Modi-Shah’s feet, the symbol ‘Shiv Sena’ does not suit those thieves. These same Modi-Shah stole the bow and arrow and handed it over to eight traitors in Maharashtra. The theft of Lok Sabha, Vidhan Sabha and local body elections has taken the form of ‘yours, mine, theirs’. The picture ahead will be different – we have no doubt about this.”
According to the editorial, Eknath Shinde has claimed credit for the work shown by the real Shiv Sena people. This is a hollow credit. His party’s claim of solid work in Lok Sabha, Vidhan Sabha and now local body elections is hollow. “Originally, the name ‘Shiv Sena’ and the symbol bow and arrow were obtained through Amit Shah’s pressure. The merit of the bow and arrow is significant, and Balasaheb Thackeray, the Shiv Sena chief, had established the ‘bow and arrow’ in every household. These ‘merits’ have been stolen and the real Shiv Sena is being talked about,” said the editorial.
It further stated that the dispute between Shiv Sena and the bow and arrow is still pending in the Supreme Court. The Supreme Court has given six months’ time for the Election Commission to make a decision. “Dates are not being set there, but after 40 MLAs crossed over to the other side and the decision was made according to law and constitution, Shiv Sena and bow and arrow are encouraging a decision on whose symbol it is!” the editorial said.
The Thackeray camp said that despite the electoral successes of the Shinde-led Shiv Sena, legal disputes regarding the party’s “real” status and official symbols remain unresolved. It said, “The Supreme Court has scheduled a final hearing for January 21, 2026, to address the symbol dispute between the Uddhav Thackeray and Eknath Shinde factions. A similar hearing for the NCP symbol dispute is set for January 22, 2026. The year ends with political parties shifting focus toward the Brihanmumbai Municipal Corporation (BMC) elections, which are slated for January 15.” The editorial has even questioned the timing of the hearing in the court.
The Uddhav Thackeray-led Shiv Sena alleged, “The results of local body elections are bought and sold through auction. There is no integrity or transparency found anywhere in these results. The ruling party has acquired the art of buying the machinery and voters, and people like Amit Shah kindly make them win elections by stealing the Shiv Sena and bow and arrow. As Chief Minister Devendra Fadnavis vows to transform the face of the state following these results, the opposition remains defiant. They describe the current political state as one of ‘looting and deception’ and express confidence that the political picture in Maharashtra will shift in the future,” said the editorial.
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