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NEW DELHI: The Supreme Court on Friday rebuked a Congress leader for demanding “without a shred of evidence” an independent probe against State Bank of India and Life Insurance Corporation for investing huge amounts in Adani group stocks and suffering substantial losses in the meltdown of group shares, following the Hindenburg report.
In a spontaneous response to advocate Varun Thakur’s plea on behalf of petitioner Jaya Thakur, a bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra said irresponsible demands were being made without evidence and without realising its impact on the country’s economy.
CJI Chandrachud said, “As lawyers, when you argue a case, please be responsible for the nature of submissions before the court. You are asking the court, without a shred of evidence, to direct investigations against SBI and LIC? Do you realise the impact of the direction which you are seeking? “Is this some debate in college or are you making submissions in court? Do you realise the impact of investigations directed by the Supreme Court against SBI and LIC? Do you realise the impact it will have on the stability of our financial markets? Surely, the counsel must exercise some responsibility, while making submissions.”
Thakur attempted to draw the court’s attention to the petitioner’s submissions. Brushing it aside, the CJI-led bench said, “There is absolutely no material furnished by you and you are seeking a probe against SBI and LIC. Some responsibility needs to be exercised by petitioners in their pleadings and submissions by their counsel.”
In a spontaneous response to advocate Varun Thakur’s plea on behalf of petitioner Jaya Thakur, a bench of Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra said irresponsible demands were being made without evidence and without realising its impact on the country’s economy.
CJI Chandrachud said, “As lawyers, when you argue a case, please be responsible for the nature of submissions before the court. You are asking the court, without a shred of evidence, to direct investigations against SBI and LIC? Do you realise the impact of the direction which you are seeking? “Is this some debate in college or are you making submissions in court? Do you realise the impact of investigations directed by the Supreme Court against SBI and LIC? Do you realise the impact it will have on the stability of our financial markets? Surely, the counsel must exercise some responsibility, while making submissions.”
Thakur attempted to draw the court’s attention to the petitioner’s submissions. Brushing it aside, the CJI-led bench said, “There is absolutely no material furnished by you and you are seeking a probe against SBI and LIC. Some responsibility needs to be exercised by petitioners in their pleadings and submissions by their counsel.”
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