Supreme Court Upholds SEBI's Order Against Kotak Mutual Fund for Violating SEBI Circular on Side Pocketing of Debt Securities. The Court held that the creation of segregated portfolios without complying with the mandatory conditions of the SEBI circular dated 28th December 2018 was impermissible, and the fund managers and trustees were liable for the resulting losses.
6 Mar 2026The case involves appeals by Kotak Mahindra Asset Management Company Limited (Kotak AMC), Kotak Mahindra Trustee Company Limited, and several senior e...
