Indian Law Watch 
Sebi approves LIC draft papers; clears decks for mega IPO
ASIAN AGE| SEBI: Markets regulator Sebi has given approval to mega IPO proposal of Life Insurance Corporation (LIC) to help the government mobilise about Rs 63,000 crore to meet the disinvestment target for the current fiscal year, sources said. Sebi has given its nod to draft red herring prospectus (DRHP) filed by LIC on February 13, 2022, sources said. The IPO is offer for sale (OFS) by Government of India and there will be no fresh issue of shares by LIC. The government holds 100 per cent stake or over 632.49 crore shares in LIC. The face value of shares is Rs 10 apiece.
Patna HC seeks SEBI reply regarding payments to Sahara’s investors
The Patna High Court has directed Securities and Exchange Board of India (SEBI) to file its response, in writing on or before March 25, on the matter pertaining to repayment to Sahara’s investors. It also directed that a “responsible officer” from the market regulator’s head office at Mumbai be present in the court on March 28 to answer all the questions posed by it.
Prime accused in Lakhimpur Kheri case attacked, Supreme Court told
ASIAN AGE| Supreme Court: The Supreme Court will hear on March 15 a plea by the relatives of the victims of Lakhimpur Kheri, challenging the grant of bail to main accused Ashish Mishra, son of Union minister of state for home Ajay Mishra Teni as lawyer Prashant Bhushan told the court that on Thursday evening one of the prime witnesses was attacked. On October 3, 2021, four farmers were mowed down by an SUV that was allegedly being driven by Ashish Mishra.
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