The case stemmed from a complaint by S Gurumurthy with the SEBI in 2002 alleging irregularities.
SEBI had moved City Civil and Sessions Court in 2020 seeking prosecution of RIL. The court had, however, rejected the plea citing delay in acting on the 2002 complaint.
Plea against that order was filed before the Bombay High Court when RIL also approached the Bombay High Court seeking three documents relied upon by SEBI.
That plea was rejected leading to the present appeal before the top court.
Source: Barandbench
