SC Dis­misses PIL against UK Sinha’s Ap­point­ment

The Economic Times - - Money -

The Supreme Court on Wed­nes­day dis­missed a PIL filed by for­mer top cop Julio F Ribeiro chal­leng­ing the ap­point­ment of U K Sinha as Sebi chair­man al­leg­ing ir­reg­u­lar­i­ties in the se­lec­tion process, re­ports Our Bu­reau. The PIL had chal­lenged the va­lid­ity of rules which were changed by the fi­nance min­istry be­fore Sinha’s ap­point­ment as Sebi chief in 2011. The court ob­served that such a pe­ti­tion is un­der­stand­able when it is filed by a per­son who is di­rectly ag­grieved by such rules.

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