Brickwork Ratings plans legal action after SEBI orders shut down

Brickwork Ratings, which was asked by the Securities and Exchange Board of India (SEBI) to wind up operations within six months, called the latter's action "shocking". The company said it is considering legal recourses. SEBI instructed it to not take on fresh clients or new mandates for "failure to exercise proper skill, care and diligence...duties as a credit rating agency".