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Chief Justice D Y Chandrachud Says Market Surge Emphasises Role Of SEBI & SAT

Chief Justice D Y Chandrachud Says Market Surge Emphasises Role Of SEBI & SAT

Business Today
Business Today
  • New Delhi,
  • Jul 5, 2024,
  • Updated Jul 5, 2024, 1:36 PM IST

 

Chief Justice of India D Y Chandrachud advised the Securities and Exchange Board of India (SEBI) and Securities Appellate Tribunal (SAT) to exercise caution when there is a surge in the stock market. Inaugurating the new SAT premises in Mumbai, the Chief Justice pitched for more benches of the appellate tribunal and improved infrastructure to manage its escalating caseload. "The more you see the surge in the stock market, the greater the role, I believe, for SEBI and SAT, as institutions which will exercise caution, celebrate the successes but at the same time, ensure that the backbone is stable," he said. Noting that the BSE's 30-share Sensex crossed the 80,000 mark for the first time on Wednesday, CJI Chandrachud said such events emphasise the importance of regulatory authorities. "It tells us that we are into heavy winds". "It is equally important for others to hold their balance and nerves at such times. Lawyers and judges have a very vital role to play in the overall regulatory domain which covers the securities market," the chief justice said.

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