 "Sebi")
The Securities and Exchange Board of India (Sebi) has issued demand notices for recovering a total of Rs 42.85 crore from erstwhile promoters Malvinder Singh and Shivinder Singh, and four other entities in a matter related to Religare Enterprises.
Failure to comply within 15 days could lead to attachment of bank accounts and the sale of immovable and movable properties.
The recovery is for a case relating to alleged siphoning of Rs 2,315 crore from Religare Finvest (RFL), a subsidiary of Religare Enterprises, to benefit the promoters and connected entities.
The recent demand notice includes interest and recovery cost along
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