Should Sebi save analysts from their subjects?

Unlike journalists, proxy advisors are registered by the Sebi

In a first, a large listed company has sued a proxy advisory firm for defamation, seeking damages of Rs 1,000 crore. 

While Rs 1,000 crore is a fraction of its annual profits for the plaintiff, it is many times the size of a small unit of analysts. Many on the Street see this as an attempt to silence criticism, and that is not in the interests of shareholders or corporate governance.

While such browbeating has been common and frequent against journalists and authors and took an extreme turn with an analyst assisting a Canadian securities firm a few years ago, the involvement