Archive · 24 Jan 2026
Delhi HC Orders SEBI to Probe Pakka Limited
The Delhi High Court has told SEBI to quickly look into Pakka Limited because of some serious problems.
The company's share price went up a lot, but they didn't tell investors that their Chief Financial Officer (CFO) has been involved in criminal cases.
The court wants SEBI to check this out to protect investors, especially regular people who might not know all the details.
The CFO is also being investigated for professional misconduct.
The court says it's important to have good rules and full information to keep the stock market fair and safe for everyone.
Delhi High Court directs SEBI to investigate Pakka Limited for alleged share price manipulation and nondisclosure of criminal antecedents of key personnel.
Pakka Limited's share price rose from Rs. 20 in 2020 to Rs. 375 in 2024-25, coinciding with the appointment of the CFO.
The CFO has multiple ongoing criminal cases under various sections of the Indian Penal Code and remains on bail.
The petition highlights gaps in SEBI's disclosure framework, which currently requires reporting only criminal cases instituted during the current tenure of key managerial personnel.
The Institute of Chartered Accountants of India (ICAI) is considering a formal complaint against the CFO for professional misconduct.
- Who
- Delhi High Court, Securities and Exchange Board of India (SEBI), Pakka Limited, Investors
- What
- Delhi High Court orders SEBI to investigate Pakka Limited for alleged share price manipulation and nondisclosure of criminal antecedents of key personnel
- When
- January 22, 2026
- Where
- New Delhi, India
- Why
- To prevent further investor harm and ensure transparency in corporate disclosures
- Company Name
- Pakka Limited
- Regulator Involved
- Securities and Exchange Board of India (SEBI)
- Court Involved
- Delhi High Court
- Allegations
- Share price manipulation, governance lapses, nondisclosure of criminal antecedents
- Share Price Change
- Rs. 20 (2020) to Rs. 375 (2024-25)
- Criminal Cases Against CFO
- Sections 120B, 420, 506, 476, 477, 478 of the Indian Penal Code
- Professional Misconduct Complaint
- Institute of Chartered Accountants of India (ICAI)