Keeping Pace with Legal Change
On 16 June 2025, SEBI proposed new rules requiring Special Purpose Distinct Entities to disclose key details about securitized debt instruments (SDIs) twice a year. These disclosures—covering maturity, credit quality, loan ratios, and material events—must be submitted to SEBI and relevant stock exchanges, aiming to enhance transparency and help investors make informed decisions about SDIs.
This case concerns a gold loan dispute in which the complainant, Abhishek Singh, claimed that the bank had committed fraud and misappropriation after he paid back his debts but failed to receive the gold he had pledged. Citing it as a counterblast, the High Court dismissed the FIR against bank officials. By assessing the evidence and making conclusions based on malice without a trial, the High Court exceeded its authority under Section 482 CrPC.
SEBI investigated Chanda Kochhar for alleged disclosure violations under Listing Regulations, 2015, in the Videocon loan case, involving a ₹3,250 crore loan and potential conflict of interest with NuPower Renewables, linked to her husband.
