๐๐๐๐ ๐๐๐ญ๐ญ๐ฅ๐๐ฆ๐๐ง๐ญ ๐๐ฏ๐๐ซ๐ก๐๐ฎ๐ฅ ๐๐๐ฒ ๐๐๐๐๐ซ ๐๐ฑ๐ข๐ญ ๐๐จ๐ซ ๐๐๐ฌ๐๐ฌ ๐๐ญ๐ฎ๐๐ค ๐ข๐ง ๐๐๐, ๐๐จ๐ฎ๐ซ๐ญ๐ฌ
The Securities and Exchange Board of India (SEBI)โs proposed overhaul of its settlement framework could open a wider route for parties to resolve enforcement matters that have already reached the Securities Appellate Tribunal (SAT) or the Supreme Court of India, addressing a long-pending backlog of cases at the appellate stage. Among the key changes, SEBI has proposed removing the existing 60-day limitation that currently closes the settlement window early in the enforcement process, keeping it open even after proceedings reach SAT or the Supreme Court.
In this context, Mr. Sumit Agrawal, Managing Partner, Regstreet Law Advisors, was quoted by businessline. He observed that settlement should be encouraged at every stage of the enforcement lifecycle.
According to Mr. Agrawal, the possibility of settlement can sometimes become stronger during an appeal, since by that stage the issues have crystallised, the evidence has been tested, and both sides have a much clearer assessment of litigation risk.
The proposed changes could therefore offer a meaningful route to resolution for the significant backlog of matters currently pending before SAT and the Supreme Court, including 1,066 appeals before Securities Appellate Tribunal and 539 cases before the Supreme Court of India.
๐๐๐๐ ๐ญ๐ก๐ ๐๐ฎ๐ฅ๐ฅ ๐๐ซ๐ญ๐ข๐๐ฅ๐ ๐๐ญ ๐๐ถ๐ด๐ช๐ฏ๐ฆ๐ด๐ด๐ญ๐ช๐ฏ๐ฆ: https://lnkd.in/gDt5wxU7
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