HC upheld charges against the petitioner in a collective ...

Investor Fraud Case: Charges Upheld Against Petitioner Based on Prima Facie Evidence of Collective Investment Scheme Misconduct

May 17, 2025

Case Laws SEBI HC

HC upheld charges against the petitioner in a collective investment scheme (CIS) fraud case. The court determined that prima facie evidence exists supporting the petitioner's involvement in the company's fraudulent activities. Despite arguments challenging the specificity of the petitioner's role, the HC found sufficient averments in the complaint to proceed with trial. The court emphasized that at the charging stage, a detailed evaluation of evidence is unnecessary, and the complaint's allegations warrant continuation of legal proceedings against the accused.

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HC upheld charges against the petitioner in a collective ...

Investor Fraud Case: Charges Upheld Against Petitioner Based on Prima Facie Evidence of Collective Investment Scheme Misconduct

May 17, 2025

Case Laws SEBI HC

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