Adani-Hindenburg Case: The Supreme Court will give its verdict in the Adani-Hindenburg case on Wednesday (January 3) at 10.30 am. The petitioner has demanded a fresh investigation into the matter. He says that the investment in the group’s shares should be investigated. However, SEBI said that it has already investigated all the aspects.
Earlier, during the hearing on November 24, the bench of CJI DY Chandrachud, Justice JB Pardiwala and Manoj Mishra had reserved the decision. In the report of American shortseller Hindenburg, Adani Group has been accused of rigging share prices. The group denied all the allegations and said that it is not so.
Supreme Court to pronounce judgment tomorrow on a batch of petitions seeking court monitored investigation into the allegations made by US-based firm Hindenburg Research against the Adani group of companies regarding violations of the stock market. pic.twitter.com/cEpUmTHBt1
— ANI (@ANI) January 2, 2024
What did the Supreme Court say in the last hearing?
The court, while reserving its verdict on November 24, had said it had no reason to “defame” stock market regulator SEBI, which had investigated the allegations against the Adani Group. The court had said that there was no material before it to doubt what the market regulator had done.
Also from input language.
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