C.J.I. CHANDRACHUD ADVISES S.E.B.I. & S.A.T. CAUTION AND TO PITCH FOR MORE TRIBUNAL BENCHES

MUMBAI, July 4, 2024 (TBINN)

Chief Justice of India D.Y. Chandrachud today advised market regulator S.E.B.I. and the Securities Appellate Tribunal (S.A.T.) to exercise caution amid a significant surge in equity markets and pitched for more tribunal benches to ensure that the “backbone is stable”.

Inaugurating the new S.A.T. premises here, C.J.I. Chandrachud pitched for authorities to consider opening up new benches of S.A.T. given the higher workloads because of higher quantum of transactions and newer regulations.

Referring to newspaper articles calling the crossing of the 80,000 points’ milestone by B.S.E. as an ecstatic moment, where India is entering a “stratospheric domain”, the C.J.I. pointed out that such events emphasize the need for regulatory authorities to ensure that everyone holds their “balance and nerves” amid wins.