The Security Exchange Board of India (SEBI) on Wednesday restrained embattled business tycoon Vijay Mallya from accessing the security market.
Besides the liquor baron, the SEBI banned Ashok Capoor, P.A. Murali, Sowmiyanarayanan, S.N. Prasad, Paramjit Singh Gill and Ainapur S. R. from buying, selling or otherwise dealing in securities in any manner, directly or indirectly.
The SEBI has given leverage to all seven to file their replies to SEBI within 21 days from the date of receipt of this order.
The individuals also have to indicate in their replies whether they wish to avail an opportunity of personal hearing in the matter.
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