Mint carried a story on the ongoing Sebi-Irda spat referring to several demands made by the stock market regulator of the Supreme Court.
It emerges that these demands were merely a summation of the demands made in two public interest litigations filed in Allahabad and Mumbai and Sebi’s main petition to the court involved a transfer of these cases to the apex court.
As such, inferences made by the Mint story regarding Sebi’s new harder stance were incorrect and stemmed from an incorrect reading of the Sebi petition. We apologise for this error.
The story on Mint’s website has been taken down and a new one with the corrections will be posted soon.
Mint is also sending out a release to some wire agencies and TV stations that may have carried the story.