SEBI’s Orders Now More Mature: P.K. Malhotra
  • Saba Ashraf
  • Jul 03 2013

P.K. Malhotra, former SAT presiding officer, believes the quality of SEBI's orders has improved as officers have improved. He adds that SAT too has taken a significant leap over last decade. “SAT had initially chose to ignore minor procedural irregularities in SEBI orders, but chose to strike down a SEBI order when substantial injustice was evident,” he says.