My View on "RBI's soft approach - A Chandramouliswaran":
RBI does have muscle power those officers who have inspected the group will bear a testimony to this. We must say hats off to Supreme Court judges who had courage to take action against the group chairman for failure to comply. The group had even taken the Honorable Supreme court for ride for two years. The group have the backing of political class as also legal support from top lawyers of the country. The group had also tried to browbeat judges, We are proud of judiciary. Please do not feel sad for regulators as they do not have powers to act beyond a limit. The officers of SEBI should be complimented for courage to confront the group.
- Ravi Sharma
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