The Curious Case of Suppressed Orders

SEBI’s recent moves to protect NSDL damage its credibility irreparably

The machinations of the venerable directors of the Securities and Exchange Board of India (SEBI) to protect its ring-fenced chairman, CB Bhave, is threatening to ruin the credibility of the regulatory process altogether. In a system where nobody dares to criticise a powerful regulator, the story needs to be told.

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