SAT pulls up Sebi for 'shabby' handling of complaints from investor

It said that disposal of the complaints by the markets regulator was merely an eyewash

The Securities and Appellate Tribunal (SAT) has hauled up the Securities and Exchange Board of India (Sebi) for giving computer-generated response to investor complaints filed on its online platform Scores and for disposing of the matter without settling the case.

“We find the approach adopted by Sebi to be a strange one. Such computer-generated disposal of a serious complaint speaks volumes on the conduct in treating the minority shareholders in this shabby manner,” the tribunal said while delivering a judgment on a matter related to an investor complaint.

It said that disposal of the complaints by the markets regulator was merely an