While denying an extension till September, the Supreme Court on Wednesday asked the Securities and Exchange Board of India (SEBI) to submit an updated status report on 14 August 2023 about its probe into the Adani-Hindenburg controversy.
NEW DELHI The Supreme Court on Wednesday granted the Securities and Exchange Board of India (SEBI) time till August 14 to complete its probe into the allegations of stock price manipulation by the Adani group and asked the market regulator to place on record an updated status report of the probe. A bench headed by Chief Justice D Y Chandrachud also directed that copies of the report submitted before it by the apex court-appointed Justice (retd) A M Sapre expert committee be made available to the parties to enable them to assist it in further deliberations in the matter. When Solicitor General Tushar Mehta, appearing for SEBI, requested the top court to consider extending the deadline till September end, the bench said, “We are not granting an indefinite extension of time. If there is some genuine difficulty, you let us know.” The bench, also comprising Justices PS Narasimha and JB Pardiwala, was hearing the pleas filed on the Adani-Hindenburg row. It was also considering
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Sebi reiterated its request for an additional six months to conclude its investigation into the Adani-Hindenburg incident to ensure ‘ensure carriage of justice’ while refuting the claim that certain Adani group companies have been under scrutiny for potential law breaches since 2016