SEBI Faces Scrutiny Over Disclosure Practices and Constitutional Fairness in High Court Ruling
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SEBI Faces Scrutiny Over Disclosure Practices and Constitutional Fairness in High Court Ruling

The Delhi High Court's judgment in Siddharth Shankar vs. SEBI highlights SEBI's alleged resistance to constitutional fairness and disclosure obligations. Despite Supreme Court guidance, SEBI reportedly contested the petitioner's right to access an internal report crucial for criminal prosecution. This behavior suggests an institutional culture at odds with legal principles and the government's ease of doing business motto, particularly when SEBI makes serious allegations but resists the burden of proof.

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