D Y Chandrachud Inaugurates New Office Of Securities Appellate Tribunal In Mumbai

Mumbai: Amid soaring stock markets, Chief Justice of India D Y Chandrachud yesterday said that it is important for the regulatory authorities to ensure that everyone holds their balance and nerves amid the wins.

In his address after inaugurating the new office of the Securities Appellate Tribunal in Mumbai, Mr. Chandrachud hoped that the Securities and Exchange Board of India and the Securities Appellate Tribunal would celebrate the successes while exercising caution. He also pitched for more such tribunal benches not only to ensure that the backbone is stable but also to manage the higher workloads because of the higher quantum of transactions and newer regulations.

Stating that



investors prefer markets where they feel their investment is protected and that they have effective mechanisms for dispute resolution, the CJI expressed the need for an early filling up of the vacancies at SAT to ensure that the tribunal functions effectively and at full capacity.

Mr. Chandrachud also launched a new website for the Securities Appellate Tribunal on the occasion.

Highlighting the need for robust physical as well as virtual infrastructure in all courts and tribunals across the country for speedy delivery, the CJI said advancements in the digital arena warrant the reimagination of the concept of access to justice.