Reliance Industries Limited has received a major legal relief from the Supreme Court in the 2007 Reliance Petroleum Limited trading case. The court dismissed the fraud allegations against the company and set aside the recovery order linked to the alleged illegal gains.
Key points:
- The case was related to trading in Reliance Petroleum Limited shares and futures contracts in 2007.
- SEBI had alleged that Reliance Industries influenced the market price and made around ₹447 crore in illegal gains.
- The matter was pending for nearly 17 years.
- The Supreme Court has now removed the fraud charge against Reliance Industries.
- The court also set aside the recovery order.
- In simple words, Reliance Industries has received a major legal win in this old market-related case.
Reliance Industries Limited ko 2007 ke Reliance Petroleum Limited (RPL) trading case mein Supreme Court se badi legal rahat mili hai. Court ne company ke khilaf lage fraud ke aaropon ko kharij kar diya hai aur recovery order ko bhi set aside kar diya hai.
Key Points:
- Ye case 2007 mein Reliance Petroleum Limited ke shares aur futures trading se juda hua tha.
- SEBI ka aarop tha ki Reliance Industries ne market price ko influence karke lagbhag ₹447 crore ka illegal profit kamaya tha.
- Ye maamla kareeb 17 saal se chal raha tha.
- Supreme Court ne ab Reliance Industries ke khilaf fraud ke allegations ko kharij kar diya hai.
- Court ne recovery order ko bhi radd kar diya hai.
- Simple bhasha mein samjhein to Reliance Industries ko is purane market case mein badi legal jeet mili hai.
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