CJI Chandrachud Calls for Regulatory Vigilance as Sensex, Nifty Hit Record Highs

Mumbai: Chief Justice of India DY Chandrachud addressed SEBI and the Securities Appellate Tribunal (SAT) on Thursday, emphasizing the need for vigilance as Indian equity markets reach new heights.

Speaking at the inauguration of SAT’s new premises, CJI Chandrachud highlighted the importance of maintaining stability in the face of market surges.

With the Sensex surpassing 80,000 points, the CJI stressed the crucial role of SEBI and SAT in exercising caution while celebrating market successes. Citing increased workloads due to higher transaction volumes and new regulations, Chandrachud suggested opening additional SAT benches to handle the growing caseload.

The CJI stressed how SEBI and SAT contribute to a stable investment environment, potentially boosting economic growth and job creation. As market participation grows, Chandrachud anticipates a rise in disputes and regulatory non-compliance issues, underscoring the need for robust dispute resolution mechanisms.

Calling for prompt filling of SAT vacancies to ensure efficient tribunal functioning, the CJI also launched SAT’s new website, stressing the importance of technological advancements in improving access to justice. Currently, SAT faces 1,028 pending appeals, having disposed of over 6,700 appeals since its inception in 1997.