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"In any other country people would have said Hindenburg report belongs to garbage bin... Hindenburg is trying to browbeat SEBI... There should be a tribunal for defamation in India.. Tomorrow, such bodies won't spare even judges," Mr Salve, a former Solicitor General told NDTV in an exclusive interview.
He also said it is "shameful" that a section of political leaders are taking Hindenburg seriously.
"Why do people get away with wild allegations? In india, we don't respect people's reputation... It is time we started taking Indian reputation seriously," he said, contending that Hindenburg is "mocking India".