Bombay HC Seeks SEBI Affidavits in Embassy Office Parks REIT Petitions

Mumbai: The Bombay High Court has granted the Securities and Exchange Board of India (SEBI) time to file detailed affidavits in two writ petitions concerning allegations against the sponsor and promoters of Embassy Office Parks REIT. During the hearing, SEBI told the court that its decision on the representation underlying one of the petitions was unlikely to support the relief sought by the petitioner.