Jane Street vs SEBI: “Ulta chor kotwal ko daante”, regulator tells SAT, calls document demand a delaying tactic

Opening his arguments for SEBI, Senior Advocate Gaurav Joshi described Jane Street’s approach with the Hindi proverb “ulta chor kotwal ko daante”, roughly meaning the thief scolding the policeman. He later told the bench he had chosen the Hindi phrase over the English one for a reason.

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