Promoters of NDTV move HC in SEBI case

NDTV’s promoters Prannoy Roy and Radhika Roy have moved the Bombay High Court, challenging a show-cause notice issued to them by the SEBI in 2018 for alleged violation of insider trading regulations. The court, while stating that it will pass orders on January 6, said the Roys could “face the notice” and attend hearings before SEBI. The petition sought that the court set aside the notice and direct SEBI to allow the Roys to inspect all the documents, records and internal files and notings on which the regulator had relied before issuing the same.