Sebi's board vacancies leave high-profile cases in limbo

When two of the capitor’s four board members stepped down this year, they left nearly two dozen high-profile cases pending— matters that could influence India’s market jurisprudence.

- Apoorva Ajith & Neha Joshi

Experts warn that vacancies at Sebi could slow the pace of investigations, enforcement, and policymaking.

(REUTE)

The departures of wholetimemembers Ashwani Bhatia and Ananth Narayan G.in May and October, have left the Securitiesand Exchange Board of'India (Sebi) operatingat half strength. The two were overseeing cases involving companies such as Gensol Engineering Ltd, Religare Enterprises Ltd, and the US-based hedge fund Jane Street.