Mahindra and Mahindra (M&M) refuted Congress' claims that SEBI chief Madhabi Puri Buch's husband Dhaval was paid ₹4.78 crore by the listed company, indicating a conflict of interest. "Compensation has been...only for Dhaval's...expertise...We consider [Congress'] allegations false and misleading," M&M said. "We've not, at any point, requested SEBI for...preferential treatment," it added.