Lets see how that reasoning works out in court then. SEBI sent them a caution notice earlier asking them to stop and they didn't. Calling it a "simple arbitrage" is silly.
Given that India lacks a functioning judiciary, we might be waiting a while. Plenty of cases over 30 years old waiting for supreme court rulings.
Given that India lacks a functioning judiciary, we might be waiting a while. Plenty of cases over 30 years old waiting for supreme court rulings.