A Barnala court has directed former chairman of Securities and exchange board of India (SEBI) to appear before the court in a cheque bouncing /dishonor case.
The former Sebi chairman GN Bajpai has been directed to appear before court of chief judicial magistrate in the capacity of director in a cotsyn company for dishonor of cheque worth Rs. 3.03 crore on or before May 20. The counsels on Wednesday appeared on behalf of Lakshmi cotsyn directors and assured the court of the presence of directors including Bajpai on next date after the court had rejected the application for exemption from personal appearance. The appeal against Lakshmi directors including Bajpai and MD Mata Prasad Aggarwal was filed by Trident Group.