RIL case: SC accepts Sebi apology and closes contempt proceedings

The Supreme Court on Friday accepted an apology tendered by Securities and Exchange Board of India (Sebi) and closed contempt proceedings against the market regulator initiated by Reliance Industries (RIL). RIL had filed the plea alleging non-compliance of the apex court’s August 5 order that had directed Sebi to provide the company access to certain documents.