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Delhi HC Grants Bail to Retired Major Accused of Cheating Homebuyers The Delhi High Court has granted bail to retired Major Surendra Kumar Hooda , who was accused of cheating and criminal breach of trust in cases related to delayed real estate projects . The bail was granted in three cases registered in 2016 , primarily considering Hooda’s age (82 years) and deteriorating medical condition . The court's decision comes in the backdrop of India's Real Estate Regulatory Authority (RERA) Act , which aims to protect homebuyers from fraud and ensure accountability in real estate projects . Why Was Major (Retd.) Surendra Kumar Hooda Arrested? 📌 Accusations: Hooda was accused of cheating investors by collecting large sums of money through real estate projects under A N Buildwell (ANB) , namely Spire Edge and Spire Woods , without completing them. 📌 Arrest & Legal Proceedings: Arrested on September 20, 2017 , while undergoing treatment for a brain stroke . December 20...

SEBI's New Guidelines to Curb Misuse of Real-Time Share Price Data The Securities and Exchange Board of India (SEBI) has introduced stringent new regulations aimed at controlling the sharing of real-time share price data with third parties, including various online platforms. These measures are designed to prevent the misuse of such data, particularly by online gaming platforms, apps, and websites that offer virtual trading services or fantasy games based on the real-time movements of share prices of listed companies. SEBI's Observations and Concerns SEBI has observed a growing trend where certain online gaming platforms and apps provide virtual trading services or fantasy games that rely on real-time share price movements. Some of these platforms even offer monetary incentives based on the performance of virtual stock portfolios, which raises concerns about the potential misuse of sensitive market data. Key Guidelines Issued by SEBI To address these issues, SEBI has issued sev...