New Delhi : The Supreme Court on Friday may give three more months to the Securities and Exchange Board of India (SEBI) to investigate the Adani-Hindenburg case. The Supreme Court has said on Friday that the court may consider giving Sebi three more months to complete the investigation into allegations of manipulation of share prices and lapses in regulatory disclosures by the Adani Group. Along with this, the apex court has listed various public interest litigations and the petition of the market regulator for hearing on 15 May.
AM Sapre committee report will be heard on Monday
A bench comprising Chief Justice of India (CJI) DY Chandrachud, Justice PS Narasimha and Justice JB Pardiwala noted that the registry of the court has received the report of the Supreme Court-appointed Justice (retd) AM Sapre committee on the issue and the facts of the committee But after considering, she would like to hear the matter on Monday. The bench said that in the meantime we have to look into the report. We will hear the matter on May 15.
Delhi: A new twist will come in the Adani-Hindenburg case! Supreme Court hearing today
Investigation will have to be completed in three months
During the hearing, the bench told Solicitor General Tushar Mehta, appearing for the Securities and Exchange Board of India (SEBI), that it may give the market regulator three months instead of six months to complete the probe. Cautioning a lawyer appearing for petitioner Jaya Thakur, the bench said that this court has not said anything about any regulatory failure on the part of SEBI. The bench said that you should be careful while making allegations. This can affect the sentiment of the stock market. These are all your allegations and a committee has been formed to investigate them.
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