New Delhi, Sept. 9 -- Sterling and Wilson Renewable Energy Limited (SWREL) has urged the Securities and Exchange Board of India (SEBI) to act against Embassy Office Parks REIT over alleged regulatory violations, citing criminal charges against individuals linked to the REIT's management.

However, Embassy REIT in its disclosures, has dismissed the accusations as "false, frivolous and vexatious," asserting that the matter has already been rejected by multiple judicial forums and it has been held that there exists no binding contract between Embassy Energy and Sterling Wilson.

In a letter dated September 5, Sterling and Wilson reiterated that the case involves chargesheets filed by the Economic Offences Wing and Enforcement Directorate for...