Challenge against UK Sinha’s Appointment as SEBI Chairman; SC dismissed as infructuous [Read Order]

The Supreme Court on Wednesday dismissed a four-year old public interest litigation (PIL) that had challenged the appointment of U K Sinha as Chairman of the Securities and Exchange Board of India (SEBI) and alleged irregularities in the selection process.In 2012, the petition was filed by a group of people including former IPS officer Julio Ribeiro. It challenged a change to SEBI rules by...