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ITC, Sebi made party in PIL against investing in tobacco companies

New respondents given six weeks to submit replies, next hearing in eight weeks

BS Reporter  |  Mumbai 

The Bombay High Court (HC) on Thursday impleaded cigarette major ITC, market regulator Securities and Exchange Board of India (Sebi) in the public interest litigation (PIL) against investment in tobacco companies by the government and state-owned insurance companies. The court also granted farmers' association request to be part of the PIL. The court directed the new respondents to file their respective affidavits in reply to the petition within six weeks. The next hearing in the matter is likely within eight weeks. Additional Solicitor General of Bombay will represent the ...

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First Published: Fri, April 28 2017. 01:53 IST
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