Chief Justice DY Chandrachud Opens New Securities Appellate Tribunal in Mumbai

Chief Justice of India, DY Chandrachud, inaugurated the new premises of the Securities Appellate Tribunal (SAT) at Mittal Court in Mumbai. He highlighted the importance of the Securities and Exchange Board of India (SEBI) and SAT in the context of rising stock markets.

Importance of Investor Confidence

Chandrachud emphasized that when investors feel their investments are protected by law and there are effective mechanisms for dispute resolution, they are more likely to invest in the country’s markets. This can lead to better economic outcomes, such as increased capital formation, job creation, and overall economic growth.

Role of Legal System

He noted that a legal system with adequate procedural safeguards, fairness, and forums that dispense justice without arbitrariness is crucial for building investor confidence. Regulators like SEBI and appellate forums like SAT play a significant role in fostering a stable investment environment.

Behind the Scenes

Chandrachud also acknowledged the contributions of registrars, researchers, administrative staff, and other officials in the effective functioning of tribunals and courts. He likened SAT to a referee in the financial world, ensuring fair play and adapting to evolving market complexities.

Expertise and Professionalism

He praised the SAT for its deep understanding of law, commercial realities, and the intricacies of capital markets. The bench and bar practicing before the SAT have consistently shown high levels of expertise and professionalism.