https://www.taxtmi.com/caselaws?id=301979 The Supreme Court modified the order dated 16.03.2021, reducing Dalmia's bank guarantee requirement from Rs. 344.07 crores to Rs. 100 crores and allowing the remaining Rs. 300 crores to be secured by an unencumbered asset. The Court considered SEBI's findings of fraud against AFSPL and adjusted the security requirements accordingly. The bank guarantee already provided would be discharged upon meeting the new conditions. The Court specified that these changes would not impact the case's merits in the appeals, and also disposed of ISSL's interlocutory application in line with this order. en-us Tue, 21 Sep 2021 00:00:00 +0530 Thu, 28 Apr 2022 21:37:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301979 The Supreme Court modified the order dated 16.03.2021, reducing Dalmia's bank guarantee requirement from Rs. 344.07 crores to Rs. 100 crores and allowing the remaining Rs. 300 crores to be secured by an unencumbered asset. The Court considered SEBI's findings of fraud against AFSPL and adjusted the security requirements accordingly. The bank guarantee already provided would be discharged upon meeting the new conditions. The Court specified that these changes would not impact the case's merits in the appeals, and also disposed of ISSL's interlocutory application in line with this order. Case-Laws SEBI Tue, 21 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301979