Sebi vs Jane Street: 'Dilatory tactic; ulta chor kotwal ko daante' - What the markets regulator's lawyer said in hearing

What happened: Sebi's lawyer called Jane Street's request for additional documents a dilatory tactic during a Securities Appellate Tribunal hearing on the regulator's market manipulation allegations. Why it matters: The outcome could shape global trading firms' perceptions of risks in one of the world's largest derivatives markets. Sebi renewed its investigation even after NSE and its surveillance department cleared the firm of market abuse.

Sebi's lawyer called Jane Street's request for additional documents a dilatory tactic during a Securities Appellate Tribunal hearing on the regulator's market manipulation allegations.

The outcome could shape global trading firms' perceptions of risks in one of the world's largest derivatives markets. Sebi renewed its investigation even after NSE and its surveillance department cleared the firm of market abuse.