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Delhi High Court upholds SEBI takeover of CRB Mutual Fund winding-up — Special Committee’s fiduciary lapses flagged; forensic audit and recovery directions sustained, appeals partly dismissed

Court’s decision The Delhi High Court partly dismissed two connected company appeals arising from the decades-old CRB Mutual Fund winding-up proceedings, upholding the learned Single Judge’s directions transferring control from…

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Rawlaw January 28, 2026

Posted inNews

Delhi High Court upholds forensic audit and SEBI takeover in CRB Mutual Fund winding up — Special Committee breached fiduciary duty, interim embargo never lifted; investor protection prevails, appeals dismissed

Court’s decision The Delhi High Court dismissed two company appeals filed by former members of a court-appointed Special Committee and CRB Group entities, upholding far-reaching directions for a forensic audit,…

Posted by

Rawlaw January 28, 2026

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