Adani fiasco: From AM Sapre to Nandan Nilekani, know all about key folks in SC’s six-member committee

ByAngelic Loch

Mar 21, 2023

The Preferrred Court docket (SC) has arrange a six-member committee at the factor coming up from the document printed through the US-based quick supplier Hindenburg Analysis at the Adani Crew firms.

The committee might be headed through former apex court docket pass judgement on Justice AM Sapre. OP Bhatt, Justice JP Devadhar, KV Kamath, Nandan Nilekani, Somasekhar Sundaresan, are the opposite participants of the committee.

Meet the six-members that can head the committee–

1. Justice AM Sapre

Justice Abhay Manohar Sapre, who will head the six-member committee, has practised civil, constitutional and labour legislation within the Madhya Pradesh Top Court docket for approximately two decades. He had previous served because the Leader Justice of Gauhati Top Court docket and because the first Leader Justice of Manipur Top Court docket.

He was once appointed as Further Pass judgement on of the Madhya Pradesh Top Court docket in 1999. On October 24, 2001 he was once appointed as an enduring Pass judgement on. On February 11, 2010, he assumed fee on the Rajasthan Top Court docket’s Main Seat in Jodhpur.

2. OP Bhatt

Former chairman of State Financial institution of India, Om Prakash Bhatt is an impartial director at the forums of plenty of multinationals, together with Hindustan Unilever Restricted, Tata Metal Restricted, Tata Motors Restricted and the non-executive Chairman of Greenko Power Holdings, Mauritius, and Aadhar Housing Finance Restricted. He was once additionally Chairman of Indian Banks’ Affiliation.

3.  Justice JP Devadhar

Justice JP Devadhar, who could also be part of the six-member Committee, was once the Chairperson of the Securities Appellate Tribunal (SAT) from July 2013- July 2018. He began apply of legislation at Bombay Top Court docket in 1977. Since then, he started working towards at Top Court docket in Constitutional Regulation and different branches of Civil Regulation and specifically Cooperative Societies Act, Provider Regulation, Hire Act, Customs Act, Excise Act and Direct Tax Rules equivalent to Source of revenue Tax, Wealth Tax and Reward Tax.

4. KV Kamath

KV Kamath is an Indian banker who began his occupation with Commercial Credit score and Funding Company of India (ICICI; later named ICICI Financial institution).

Kamath held quite a lot of coveted positions, together with leader of the New Construction Financial institution of BRICS international locations, chairman of Infosys, amongst others. He has additionally been related to names like Schlumberger and Lupin.

5. Nandan Nilekani

Nandan Nilekani is the Co-Founder and Chairman of Infosys Applied sciences Restricted. He was once the Founding Chairman of the Distinctive Identity Authority of India (UIDAI) within the rank of a Cupboard Minister from 2009-2014.

Nilekani has co-founded and is the Chairman of EkStep, a not-for-profit effort to create a learner centric, technology-based platform to fortify elementary literacy and numeracy for tens of millions of kids. In January 2023, he was once appointed because the co- chair of the “G20 Job Drive on Virtual Public Infrastructure for Financial Transformation, Monetary Inclusion and Construction”.

6. Somasekhar Sundaresan

Sundaresan, who labored as a journalist to start with, has served a number of committees arrange through the Union executive, the Securities and Change Board of India (Sebi) and the Ministry of Company Affairs to study and suggest adjustments to the rustic’s criminal and regulatory device. 

As a attorney, Sundaresan specialises in regulatory and compliance problems, specifically within the spaces of securities legislation, mergers and acquisitions, and company governance.

Additionally Learn: ‘Fact will succeed’: Gautam Adani says Adani Crew welcomes Preferrred Court docket’s probe order

Additionally Learn: Adani-Hindenburg case: SC tells Sebi to complete probe, put up document inside two months

Additionally Learn: SC verdict on Adani-Hindenburg row: Adani crew m-cap up Rs 23,400 crore, Adani Enterprises stocks rally 14%

Watch | Gautam Adani-Hindenburg row: Meet Preferrred Court docket’s probe panel; KV Kamath, Nandan Nilekani and others

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