The Securities and Exchange Board of India (SEBI) and its chairperson Madhabi Puri Buch have been the subject of several media columns in recent days. As the first private sector person and woman to head the powerful market regulator, she already comes in for extra scrutiny. There is also a consensus of sorts that she works hard, is data-driven, more outspoken than most of her predecessors and would like to be seen as tough but fair.

So, how is she faring so far? I would say it is a mixed bag, which tilts towards the positive because there was already a lot to clean up before her term, even without the big elephant in the room, which is the Adani-Hindenburg (A-H) case in the Supreme court (SC).