Supreme Court questions SEBI over continuation of Sandesara probe
Regulator must justify ongoing investigation
Change
India’s Supreme Court directed SEBI to explain why it continues its probe into Sterling Biotech directors despite settlement and case quashing.
Why it matters
The court order places SEBI’s ongoing enforcement actions under judicial scrutiny and may compel closure or justification of proceedings.
Implications
- — Regulator must justify or terminate probe — enforcement constrained
- — Affected entities face legal uncertainty — outcome depends on court direction
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