Adani-Hindenburg row: SC hints at granting 3 more months to SEBI to wrap up probe

the supreme court She said on Friday that she might consider giving him another three months Sippy To complete its investigation into allegations of share price manipulation by the Adani Group and a lapse in regulatory disclosure, the set of PILs was listed and appealed by the market regulator on May 15.

Chief Justice D.Y. Chandrachod and Justices P.S. Narasimha and JP Pardiwala said the Registry had received the Court’s report. Court Appointed Justice Committee Chairman (retired) AM Sapre On this issue I would like to hear it on Monday after seeing the committee’s findings.

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We will review the report in the meantime. “We’ll take it up on May 15,” the bench said.

During the hearing, the council told Solicitor General Tushar Mehta, who appeared to SEBI, that it may give the market regulator three months. Instead of six, it sought to wind up the probe Allegations of stock manipulation.

Adani vs. Hindenburg: a perpetual battle between bulls and bears
Adani vs. Hindenburg: a perpetual battle between bulls and bears

In a warning a lawyer, appearing to petitioner Jaya Thakur, said that this court had not said anything about any organizational failure on the part of SEBI.

“Be careful when you make allegations. This may affect sentiment in the stock market. It is all your allegations and the committee has been set up to look into the matter,” the presiding judge said.