Capital Markets #sebi#bombay high court
Bombay HC Grants SEBI Time for Affidavits in Embassy REIT Petitions; Regulator Signals Likely Stance
The Bombay High Court has granted SEBI time to file detailed affidavits in two writ petitions concerning allegations against the Sponsor and promoters of Embassy Office Parks REIT. SEBI informed the court that it had examined the representation and arrived at a decision, which it indicated was unlikely to support the relief sought. The court directed SEBI to file reasoned affidavits by August 27, 2026, with further hearing scheduled for September 9.
Jul 30, 2026 1 source