Mumbai Court Convicts M’Belle Directors

In a significant ruling, Gopu Parimal Belani and Anupama Motwani, directors of M’Belle International Pvt Ltd, have been convicted by a special court. The duo has been fined Rs 1 crore each for their failure to deposit a penalty imposed by Sebi back in 2004.

Decade-Long Legal Battle

This verdict marks the conclusion of a decade-long legal battle between the directors and the Securities and Exchange Board of India (Sebi). The original penalty was levied due to violations related to the company's operations in the fashion accessories sector.

Stay Informed

For the latest updates on business news, bank holidays, and opportunities like the AI Masterclass for Students, stay tuned to our platform.