The Justice AM Sapre expert committee appointed by the Supreme Court (SC) appears to have given a clean chit to the Securities and Exchange Board of India (SEBI) on the issue of regulatory failure while passing some strictures about the need for SEBI executives to take a constant stand on issues, especially those decided by the apex court. Meanwhile, the Adani group is also allegedly claiming a clean chit. On the Adani issue, too, barring some ongoing investigations, the Committee seems satisfied that SEBI has done all it can.
The Supreme Court on Wednesday granted time till August 14 to the Securities and Exchange Board of India (SEBI) to complete its probe into the allegations of stock price manipulation by the Adani Group and any possible lapses in regulatory disclosures.
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The apex court also directed that the copies of the report submitted by the Justice Sapre panel will be given to the parties in the meantime to enable them assist in further deliberations.A be