The Securities and Exchange Board of India (SEBI) has announced that it will challenge a special court's directive to file a First Information Report (FIR) against its former chairperson Madhabi Puri Buch and five other officials in connection with alleged stock market fraud and regulatory lapses. The market regulator contends that the court acted on a "frivolous" petition and did not provide SEBI an opportunity to present its case.
Read More »“Ankiti Bose, Former Zilingo CEO, Lodges FIR Against Co-Founder for Threats, Deception, and Blaming Errors”
Ankiti Bose, the former CEO of fashion e-commerce giant Zilingo, has lodged a criminal complaint against co-founder Dhruv Kapoor and ex-COO Aadi Vaidya, accusing them of cheating, criminal intimidation, conspiracy, and harassment. The allegations shed light on internal conflicts within the company and raise concerns about corporate governance.
Read More »“Mahindra Clarifies Airbag Functionality in Fatal SUV Crash in Uttar Pradesh”
Mahindra Group responds to an FIR against its chairman, Anand Mahindra, and officials over a doctor's fatal SUV crash, stating that the airbags did exist but didn't deploy due to a vehicle rollover. The case has raised concerns about car safety features and India's alarming road accident statistics.
Read More »“FIR Filed Against Anand Mahindra for Alleged Car Safety Misrepresentation After Fatal Accident”
An FIR has been lodged against Mahindra Group's Chairman, Anand Mahindra, and 12 others in Uttar Pradesh following a complaint by a man who lost his son in a car accident. The complainant alleges that Mahindra and the company provided "false assurances" regarding the car's safety features, which reportedly failed to deploy during the accident, leading to his son's tragic demise.
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