India

The Supreme Court (SC) on Thursday set up a six-member panel to probe accusations versus Adani Group, after a bombshell report from an American brief seller erased more than $140 billion off the corporations market price. The committee is likewise charged with evaluating if there has actually been regulatory failure and to recommend procedures to strengthen the structure. JUSTICE A M SAPRE Justice Abhay Manohar Sapre, who will head the six-member committee, has actually practised civil, constitutional, and labour law in the Madhya Pradesh High Court (HC) for about 20 years.

He had earlier served as Chief Justice of Gauhati HC and as the first Chief Justice of Manipur HC. He was designated as Additional Judge of the Madhya Pradesh High Court in 1999.

On October 24, 2001 he was selected as a long-term Judge.

On February 11, 2010, he assumed charge at the Rajasthan High Courts Principal Seat in Jodhpur.JUSTICE J P DEVADHAR Justice J P Devadhar, who is also a part of the six-member committee, was chairperson of the Securities Appellate Tribunal from July 2013- July 2018.

He started to practice law at Bombay HC in 1977.

Ever since, he started practicing at the HC in Constitutional Law and other branches of Civil Law and especially Cooperative Societies Act, Service Law, Rent Act, Customs Act, Excise Act and Direct Tax Laws such as Income-Tax, Wealth Tax and Gift Tax.SOMASEKHAR SUNDARESAN Regarded as one of the sharpest minds in the field of securities law, Somasekhar Sundaresan began his career as a reporter but quickly left it to pursue a career in law. He steadily established himself as one of the nations leading securities lawyers.

After a stint as a partner at the law practice JSA, Sundaresan began his practice.

He has been a member of committees established by the Union federal government, Securities and Exchange Board of India, and the Reserve Bank of India. At present, Sundaresan is serving on the advisory committee of the Insolvency and Bankruptcy Board of India on corporate insolvency and liquidation. His name was just recently recommended to the Centre as judge of Bombay High Court.

The SC collegium later on restated his name for judgeship after the Centre raised an objection. An amateur mountaineer, he has actually also composed opinion pieces for leading newspapers.NANDAN NILEKANI Nandan Nilekani is co-founder and non-executive chairman Infosys, Indias second-largest information technology services business.

After an effective tenure at Infosys, Nilekani is likewise the designer of Aadhaar and was establishing chairman of the Unique Identification Authority of India in the rank of a Cabinet minister from 2009-2014. Nilekani has actually co-founded and is the Chairman of EkStep, a not-for-profit effort to create a student centric, technology-based platform to enhance basic literacy and numeracy for millions of children. He also played a vital role in the creation and launch of the Open Network for Digital Commerce.

He also helped develop the Unified Payments Interface, which has actually democratised digital payments. In January 2023, he was selected co-chair of the G20 Task Force on Digital Public Infrastructure for Economic Transformation, Financial Inclusion and Development.

O P BHAT Previous chairman of State Bank of India, Om Prakash Bhatt is an independent director on the boards of a numerous multinationals, including Hindustan Unilever, Tata Steel, and Tata Motors and the non-executive chairman of Greenko Energy Holdings (Mauritius) and Aadhar Housing Finance.

He was likewise chairman of Indian Banks Association. Throughout Bhatts tenure as SBIs longest-serving chairman (June 2006-March 2011), the state-run bank launched the teaser home loan scheme which led to a spat with the banking regulator. The Reserve Bank of India later on increased the basic possession provision requirements for such loans. Bhatt is a graduate in science and a postgraduate in English Literature.

He also served Indias economic diplomacy as the federal government nominee for the India-US CEO Forum, Indo-French CEO Forum and Indo-Russia CEO Forum, forging relate to a cross-section of the worlds service leaders.K V KAMATH K V Kamath is a veteran Indian banker who started his profession with Industrial Credit and Investment Corporation of India (later on called ICICI Bank). Under him, ICICI Bank changed itself into a varied financial services business and became a retail-oriented bank.

He served as MD and CEO of the bank from May 1996 to April 2009 and later on as non-executive chairman. Kamath held different sought after positions, consisting of chief of the New Development Bank of BRICS countries, chairman of Infosys, to name a few.

He has also been connected with names like Schlumberger and Lupin. He has also been designated as chairperson of the freshly set up advancement financing organization NaBFID. At present, he is likewise on the board of Reliance Industries and has been designated non-executive chairman of Retail Strategic Investments, which will later on be called Jio Financial Services.Compiled by Manojit Saha, Shivani Shinde, Sundar Sethuraman, Subrata Panda, and Bhavini Mishra





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