Court dismisses DLF plea

New Delhi, Jan 3 (IANS) The Delhi High Court Tuesday dismissed a plea of DLF Ltd. challenging an order of market regulator SEBI to probe accusations by a Delhi-based businessman that he was duped of Rs.34 crore by the realty major and its alleged associate firm Sudipti Estates.

DLF had sought quashing of the Securities and Exchange Board of India’s (SEBI) order issued Oct 20, 2011, for investigation into the allegations K.K. Sinha made in 2007 against it and Sudipti Estates.