Market Coupling: IEX alleges that officials made ₹173 crore when the stock fell. Read the full story.

News Topical, Digital Desk : Serious allegations have been leveled against CERC officials in the market coupling case related to IEX (Indian Energy Exchange). These allegations have been leveled by IEX. During the hearing of APTEL (Electricity Appellate Tribunal), the exchange's lawyer Kapil Sibal leveled serious allegations of corruption against CERC (Central Electricity Regulatory Commission) officials. According to him, the officials who passed the order made heavy purchases after the sharp fall in IEX shares, thereby earning an unfair profit of Rs 176 crore. This information has come to light in the investigation report of SEBI. Along with this allegation, a demand has also been made to cancel the order issued.

What did the tribunal say? Following the insider trading allegations leveled by IEX against its officials, APTEL stated during the hearing that it was taking these allegations seriously. If found to be true, they raise serious questions about the functioning of the independent regulator. The tribunal directed SEBI to file a detailed report and make the concerned person a party. It also stated that a request for cancellation of the order will also be considered. The next hearing in the case will now be held on January 6, 2026. This IEX case relates to a petition filed by CERC against the regulatory framework for market coupling. The tribunal stated that it will hear this dispute on priority before the rules come into effect to clarify the situation. 

The stock declined in Friday's session, falling below the 137 level during the session. Prior to this, the stock saw a sharp decline in July, when it fell from 208 to below 135 within a month. The stock has been hovering between 130 and 150 levels since then. 

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