tyle="text-align:justify">The Supreme Court today denied entertaining a claim demanding the reappointment of U K Sinha as Chairman of market watchdog Security and Exchange Board of India (SEBI) till 2017, saying there is no bar on it.

"We are not inclined to hear this," a three-judge bench headed by Chief Justice T S Thakur said, “when senior advocate Indira Jaising, appearing for the petitioner, sought issuance of a notice on the plea seeking quashing of appointment of Sinha as SEBI head”.

Jaising referred to the suspected flouting of rules or customs by the Centre in appointing Sinha and said , “he has been reappointed despite the fact that the selection committee did not include his name in the list of the shortlisted candidates for the post.”

Likewise, no vigilance clearance was there, she said, alleging that there has been some correlation of this slot with the Saradha Chit Fund sting case.

"We have already directed the CBI to look into all the aspects, including the role of regulators (SEBI, RBI) in the scam," Justices R Banumathi and U U Lalit further said.
The bench was hearing a appeal filed by a previous Indian Revenue Service officer Udai Babu Khalwadekar.

The tenure of Sinha, who had full over as SEBI chief in 2011, was comprehensive by the government with his reappointment in 2014 for a period of three years till March 1, 2017.