A division bench, comprising acting Chief Justice M Narain and Justice M Mudgal also asked the Ministry of Law and Company Affairs, Ministry of Agriculture, Ministry of Environment and Forests, Delhi government, the RoC and AAPCI to place their affidavits within one week and adjourned the matter to September 10.

Only Sebi had filed its reply till date on the petition moved by the investors seeking actions against erring officials of the Sebi and others. The court had on the last date of hearing directed the Sebi to take actions under Section 24 of the Sebi Act in cases it found necessary. The AAPCI was directed to place on record a report on the credit amount of each of the agro investment companies.

The petitionfiled by president of Forum of Investors of Agro Forestry Companies of India S D Bhattacharya has raised questions of public importance regarding serious dereliction of duty, misconduct and fraudulent acts of omission and commission by Sebi and Mehta besides some other respondents in collusion with some of the fraudulent agro plantation companies and negligence on the part of some of the other respondents including Ministry of Finance and AAPCI.