Sumit Agrawal

Former legal officer, Securities and Exchange Board of India.

The case for insulation is, if anything, stronger for regulators than for tribunals. A tribunal deals with a dispute occasionally; a regulator interacts with the government and the regulated sector every day

At arm's length from regulators

21 Sep 2026

4 min read

The SMC should enable Sebi to specify the circumstances and thresholds for dispensing particular sanctions, together with a robust procedural framework

Securities Markets Code | Don't leave adjudication open to discretion

23 May 2026

3 min read

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