The Supreme Court will deliver its verdict on Wednesday in a batch of petitions seeking probe into allegations of fraud made against Adani Group of companies in the Hindenburg Research report.
The Supreme Court asked capital markets regulator SEBI what steps had been taken to tighten regulations on short-sellers and protect small investors, following the chaotic stock price movement after Hindenburg Research published a report in January.
The Supreme Court today raised tough questions against petitioners in the case linked to a report by a George Soros-funded group that targeted the Adani Group.
The allegations of US short-seller Hindenburg and the report of the OCCRP targeting the Adani Group cannot be treated as gospel, the Supreme Court said today, raising tough questions on demands for a probe based on the reports.