Consent Procedure Needs Statutory Backing: P.K. Malhotra
  • Saba Ashraf
  • Jul 03 2013

Consent gives platform to reach resolution soon, explains P.K. Malhotra, former SAT presiding officer. However, he adds that consent route not desirable in FUTP violations, insider trading. He is glad that SEBI has held certain offences non-consentable. “We will see lesser litigation if consent gets statutory backing,” he says.