The Securities and Exchange Board of India’s (Sebi’s) technical advisory committee has been mandated to probe the trading halt at National Stock Exchange (NSE) and fix accountability.
The committee after a detailed examination would send its findings and recommendations to whole-time member Madbhi Puri Buch, to decide the future course of action, said two people in the know.
The panel, which is currently chaired by Ashok Jhunjhunwala of IIT Madras, is learnt to have sought an explanation over two key issues from NSE: One on the effectiveness of interoperability as it was unable to migrate the trading positions; the other on laxity