Bombay HC Castigates SEBI, BSE, NSE for Unjust Freezing of Demat Accounts, Orders Rs. 80 Lakh in Damages

In a scathing rebuke to the Securities and Exchange Board of India (SEBI), Bombay Stock Exchange (BSE), and National Stock Exchange (NSE), the Bombay High Court on Monday ruled against the “reckless” and “high-handed” freezing of demat accounts belonging to a father-son duo, mandating a hefty compensation of Rs. 80 lakh. The division bench comprising

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