Debjit Mukherjee: The Supreme Court Friday refused to accept in a “sealed cover” the Centre’s suggestion on a proposed panel of experts recommending measures to plug loopholes in the regulatory regime to prevent any loss to Indian investors due to market volatilities as was witnessed during the Adani-Hindenburg episode.
A bench comprising Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala observed that it wants to maintain full transparency in the interests of investors.
“We will not accept the sealed cover suggestion by you because we want to maintain full transparency,” the bench said.
The court also reserved its order on the appointment of a committee to probe the issue. The bench said that will not take suggestions from the government or petitioners on who should be members of the committee but would select experts on its own.