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SC issues contempt notice to SEBI on RIL plea on non-compliance of court order

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 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.

Crime

NEET candidate in police custody after being caught using phone hidden in flush tank at exam centre in Hyderabad

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Hyderabad, June 22: In a shocking incident Hyderabad police apprehended an 18-year-old candidate appearing for the NEET re-test as he was caught allegedly using a mobile phone concealed inside a washroom flush tank at the exam centre to cheat.

The incident occurred on Sunday during the NEET re-examination at a government school in Ragannaguda under the Adibatla Police Station limits.

The candidate, a resident of Achampet, was apprehended at the examination centre located at ZPHS, Ragannaguda.

Police said he had allegedly planned the malpractice in advance by hiding the mobile phone inside the school premises before the examination began.

As per his plan to commit cheating, the student came to the school around 7 A.M. and placed a mobile phone in the washroom ventilator. He managed to access the washroom ventilator as it was adjoining the school compound wall. At 11 A.M., he entered the washroom and concealed the phone in a zip-lock cover before hiding it in a flush tank.

Although police security teams had thoroughly inspected the premises twice, once at 6 A.M. and again at 11 A.M., and conducted strict frisking of all candidates at the entrance, the phone hidden inside the flush tank remained undetected during the initial checks.

During the examination, the accused complained of stomach pain and requested to use the restroom. The washroom, which serves as the only common facility for the entire centre, is situated far away from the school building.

After the invigilator found that the student had spent an unusually long time in the toilet, he sent a few staff members to check about his availability. The accused was caught red-handed inside the washroom actively searching for answers on his mobile phone, police said.

Upon being alerted, the police team immediately seized the mobile phone used in the crime. A thorough inspection of the device revealed that he was using Google Chrome to search for answers, with no other active applications of concern besides Instagram. The accused confessed to the act during interrogation and is currently in police custody.

Following a formal complaint by the school administration, the police have registered a case under Section 318(4) BNS and section 10 r/w 3 Public Examinations ( Prevention of Unfair Means) Act -2024.

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National News

Sanjay Raut slams ‘notorious traitor’ Omraje Nimbalkar; claims Shinde being used to weaken Maha CM Fadnavis

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Mumbai, June 22: Shiv Sena (UBT) MP, Sanjay Raut, on Monday launched a scathing verbal assault against Lok Sabha MP Omraje Nimbalkar, labeling him a “notorious traitor” and also claimed that Maharashtra Deputy Chief Minister Eknath Shinde was being used to weaken Chief Minister Devendra Fadnavis.

Raut asserted that turncoats possess no ideological core, driven entirely by naked self-interest.

The outburst follows Nimbalkar’s decision to jump ship from the Uddhav Thackeray camp to join Shiv Sena chief Eknath Shinde-led faction, despite behind-the-scenes efforts by Thackeray loyalists to convince him otherwise.

Speaking at a press conference, Raut pulled no punches regarding Nimbalkar’s exit. He dismissed Nimbalkar’s request to his supporters to refrain from criticising the Thackeray family or Matoshree as mere hypocrisy.

“Do traitors ever have a stand? Those who abandoned Uddhav Thackeray are nothing but notorious betrayers. If Om Nimbalkar believes his father’s soul will bless him for this move, that is his lookout. He is now sitting thigh-to-thigh with the very individuals he spent years accusing. This is the absolute peak of shamelessness and greed,” roared Raut.

Raut went on to drop a bombshell, claiming that the party leadership has full knowledge of a financial transactional betrayal. He alleged that Uddhav Thackeray has received precise details regarding who accepted money on Nimbalkar’s behalf, including how and where an initial advance of Rs 15 crore was delivered.

He reiterated that breaking the Shiv Sena is equivalent to breaking the pride of Maharashtra, describing Eknath Shinde as a “contract killer” and alleging that he was working at the behest of Union Home Minister Amit Shah.

Turning his attention to the recent Nashik Legislative Council election results, Raut pointed at massive internal fissures within the ruling Mahayuti coalition as in Nashik, BJP rebel Gokul Gite dealt a humiliating defeat to the Shinde faction’s official candidate, Narendra Darade.

Raut revealed that despite massive pressure from Chief Minister Devendra Fadnavis and Eknath Shinde to make Gite withdraw, the alliance’s own electorate revolted. Raut disclosed that Gite had actively sought cooperation from the Thackeray camp.

“After discussing with Uddhav Thackeray, we extended our support, which directly propelled Gite to victory. The BJP voters themselves ensured Shinde’s candidate was defeated. This is a clear sign of internal outrage,” he claimed.

Raut further alleged a larger political conspiracy orchestrated by the central BJP leadership in New Delhi. He argued that the growing friction between the BJP and Shinde’s Shiv Sena is merely the beginning of a larger collapse.

According to Raut, Delhi is intentionally backing Eknath Shinde to systematically erode the political authority of Chief Minister Fadnavis.

“The bolstering of Shinde from Delhi is detrimental to Maharashtra,” Raut argued. “Shinde is being used to diminish the stature of Devendra Fadnavis. Concurrently, our Shiv Sena is being targeted to weaken Maharashtra’s collective bargaining power, ultimately to hand over Mumbai’s assets to a handful of favoured industrialists,” he alleged.

When questioned about his party’s stance in this escalating tension between the coalition partners, Raut concluded with a grim metaphor: “It’s not about choosing a side. We are looking at a choice between a ghost and a demon. But if this demon created by Amit Shah sits heavily on the neck of Devendra Fadnavis and threatens the state, we will step in and take an appropriate stand for Maharashtra.”

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Entertainment

PM Modi extends birthday greetings to Tamil Nadu CM Vijay; wishes him long, healthy life

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New Delhi, June 22: Prime Minister Narendra Modi on Monday extended birthday greetings to Tamil Nadu Chief Minister C. Joseph Vijay, wishing him a long and healthy life.

PM Modi took to social media ‘X’ and said, “Birthday greetings to the Chief Minister of Tamil Nadu, Thiru C. Joseph Vijay Ji. I pray for his long and healthy life.”

Born on June 22, 1974, in Madras (now Chennai), Tamil Nadu, Vijay is an actor-turned-politician who currently serves as the Chief Minister of Tamil Nadu. Before entering politics, he was one of the most successful and influential stars of Tamil cinema and was popularly known among fans as ‘Thalapathy (Leader)’.

Vijay, whose full name is Joseph Vijay Chandrasekhar, is the son of film-maker S.A. Chandrasekhar and singer Shoba Chandrasekhar. He began his acting career as a child artist in the film ‘Vetri’ (1984), directed by his father, before emerging as a leading star in the Tamil film industry.

Over the years, Vijay established himself as one of the biggest names in South Indian cinema. Films such as ‘Kushi’, ‘Thirumalai’, ‘Ghilli’, ‘Pokkiri’, and ‘Sarkar’ significantly contributed to his popularity. While he initially gained recognition for romantic roles, he later reinvented himself as an action star known for portraying characters fighting for social and political justice.

His immense popularity among fans often drew comparisons with legendary Tamil actors who successfully transitioned into politics. Political themes in several of his films were widely viewed as indicators of his future political ambitions.

In 2024, Vijay formally entered politics by launching the Tamilaga Vettri Kazhagam (TVK). The party made its electoral debut in the 2026 Tamil Nadu Assembly elections and emerged as the single-largest party in the state, winning 108 of the 234 seats.

To secure a governing majority, TVK allied with the Indian National Congress and other parties. Vijay contested and won from both Perambur and Tiruchirappalli East constituencies. Following the election, he was sworn in as the Chief Minister of Tamil Nadu on May 10, 2026.

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