Following the petition, Calcutta High Court has directed all respondents, including Sun F&C, to file affidavits. The case will be heard in the third week of November.
The petitioners_Mihir and Kushaal have urged the court to direct the market regulator, Securities and Exchange Board of India, to initiate an enquiry into the proposed acquisition. They have sought an injunction restraining the market regulator to approve the deal.
