 "Supreme Court of India")
The Supreme Court (SC) has issued non-bailable warrants (NBWs) against the managing directors (MDs) of 32 companies, including the erstwhile promoters of Bank of Rajasthan (BoR), for repeated failure to deposit the penalty of Rs 5 lakh imposed on them by the Securities and Exchange Board of India (Sebi).
During the last hearing in September, the SC had asked Sebi to publish warnings in newspapers and inform the offenders to deposit the said penalties, failing which they would be arrested. Of the 118 companies fined, 32 had not deposited the fine amount.
“Despite this, insofar as the remaining companies are
