Senior corporate lawyer Somasekhar Sundaresan twice failed to make it as a Bombay High Court judge. However, what was so intriguing was his appointment on March 2 on a 6-member panel headed by former Apex Court judge Justice A M Sapre to study the market regulatory framework in the light of Gautam Adani's alleged wrongdoings.
๐ฆ๐ ๐ต๐ฎ๐ฑ ๐ฟ๐ฒ๐ฐ๐ผ๐บ๐บ๐ฒ๐ป๐ฑ๐ฒ๐ฑ ๐ต๐ถ๐ ๐ป๐ฎ๐บ๐ฒ ๐ณ๐ผ๐ฟ ๐ฒ๐น๐ฒ๐๐ฎ๐๐ถ๐ผ๐ป, ๐ฐ๐ฒ๐ป๐๐ฟ๐ฒ ๐ฟ๐ฒ๐ท๐ฒ๐ฐ๐๐ฒ๐ฑ ๐ถ๐ ๐ฎ๐ณ๐๐ฒ๐ฟ ๐ต ๐บ๐ผ๐ป๐๐ต๐
The Supreme Court collegium had recommended his appointment in February last year as a judge in Bombay, but the government sat over it for nine months before rejecting his name as a judge, though the collegium has reiterated his name.
The government's objection to Sundaresan was that he is a "highly biased and opionated person" and he has been "selectively critical on the social media on important policies, initiatives and directions of the government".
๐ฃ๐ฎ๐ป๐ฒ๐น ๐ป๐ผ๐ ๐๐ผ ๐ฝ๐ฟ๐ผ๐ฏ๐ฒ ๐๐ฑ๐ฎ๐ป๐ถ, ๐ฏ๐๐ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฟ๐ฒ๐ด๐๐น๐ฎ๐๐ผ๐ฟ๐ ๐บ๐ฒ๐ฐ๐ต๐ฎ๐ป๐ถ๐๐บ
The collegium's reiteration to make him a judge remains in limbo at least for two months, the tenure given to the panel.
The panel is mandated only to examine the market regulatory mechanism in general and not the Adani-specific complaints, which are to be probed by market regulator SEBI. The panel, is of course tasked also to probe whether there had been regulatory failure in respect of the Adani group and other companies.
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