{"id":260771,"date":"2019-02-23T05:20:52","date_gmt":"2019-02-23T05:20:52","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=260771"},"modified":"2019-02-23T05:20:52","modified_gmt":"2019-02-23T05:20:52","slug":"pledged-share-sale-mumbai-hc-gives-a-mouthful-to-anil-ambani-firm-says-petition-smacks-of-deceit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pledged-share-sale-mumbai-hc-gives-a-mouthful-to-anil-ambani-firm-says-petition-smacks-of-deceit\/","title":{"rendered":"Pledged share sale: Mumbai HC gives a mouthful to Anil Ambani firm, says petition &#8216;smacks of deceit&#8217;"},"content":{"rendered":"<p>The Bombay High Court has rapped the Anil Ambani group company Reliance PowerNSE 1.79 % and its management for attempting to &#8220;mislead&#8221; the court by a petition that&#8217;s &#8220;smacked of deceit.&#8221; <\/p>\n<p>The sharp words came from judge KR Shriram of the Bombay High Court while hearing a Rs 2,700-crore defamation suit filed by Reliance Power against financial services company Edelweiss group for selling its pledged shares earlier this month after a massive plunge in share value. <\/p>\n<p>On February 13, the judge refused to grant any interim relief against Edelweiss or order a stay on the sale process, saying there was no prima facie merit in plea, and that he would record the reasons for denying it interim relief later. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bombay High Court has rapped the Anil Ambani group company Reliance PowerNSE 1.79 % and its management for attempting to &#8220;mislead&#8221; the court by a petition that&#8217;s &#8220;smacked of deceit.&#8221; The sharp words came from judge KR Shriram of the Bombay High Court while hearing a Rs 2,700-crore defamation suit filed by Reliance Power against financial services company Edelweiss group for selling its pledged shares earlier this month after a massive plunge in share value. On February 13, the judge refused to grant any interim relief against Edelweiss or order a stay on the sale process, saying there was [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-260771","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/260771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=260771"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/260771\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=260771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=260771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=260771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}