This latest SEBI order only dealt with the controversy of what should be the exact amount of illegitimate gains to be disgorged by the promoters. A fixed methodology or regulations to calculate unlawful gains may be the need of the hour.
According to DK Mittal, the government should now move together and go to the Company Law Board to get the NSEL board replaced by another management which ultimately turned around the company.
Ramalinga Raju, the jailed ex-officio of Satyam, has made yet another attempt to get out on bail. CNBC-TV18's Ashwin Mohan has the detailed report.