Delhi High Court dismisses Swamy's PIL against Axis Bank and Max Life Insurance, directs SEBI and RBI to continue investigations.

Delhi High Court rejects PIL by BJP leader Swamy on alleged fraud between Axis Bank and Max Life Insurance. The court directs SEBI and RBI to continue their investigations into the matter. Swamy accused Axis Bank of making undue profits through non-transparent share transactions, while Axis Bank denies the allegations and maintains their commitment to transparency, fairness, and stakeholder value.

August 12, 2024
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