'Seeing Your Double Standards': Supreme Court Slams SEBI Over Reluctance In Indiabulls' Probe; Questions CBI's 'Cool Attitude'

During the hearing of Citizens Whistle Blower Forum's plea for SIT probe against Indiabulls Housing Finance Ltd. (now Sammaan Capital), the Supreme Court today slammed the Securities and Exchange Board of India (SEBI) over reluctance to probe allegations against IHFL.

"When question of taking over properties and selling comes, then you say we are the only authority in the country with jurisdiction. But when question of investigation comes? Because your officers have some vested interest? When we are conferring you jurisdiction, [what's the problem?] When we want to give you some authority, why are you reluctant? Every day we see double standards of SEBI! In one of the matters where I constituted a High Powered Committee, your stand was only SEBI has the right to auction the properties.