Sebi panel suggests measures to strengthen enforcement, recovery mechanism

A Sebi panel on Tuesday suggested measures to strengthen markets watchdog's enforcement mechanism and improve the system of recovery of siphoned off money.

The committee headed by former Supreme Court Judge Anil Dave has proposed a method of quantification of profit made by the defaulter and loss caused to investors.

In addition, the committee has examined the insolvency, recovery and securities laws jurisprudence of India and abroad and suggested suitable changes in the Insolvency and Bankruptcy Code to ensure that insolvency law is not used as a refuge by defaulters, thereby protecting the interest of investors.

It also made comprehensive