The Supreme Court stated that the facts of the Adani-Hindenburg case do not warrant the transfer of the probe from market regulator Sebi to SIT or any other agency.
New Delhi: The Supreme Court on Friday appeared unpersuaded by lawyer Prashant Bhushan, appearing for a third-year law student, who attempted to punch.
An apex court bench rallied behind the regulator, saying it found no material to doubt the Sebi investigation or the impartiality of the expert committee headed by former Supreme Court judge Abhay Manohar Sapre. The panel had been appointed by the top court on March 2 to examine regulatory mechanisms to protect investor interests, following the January report by the US-based shortseller that sent Adani stocks tumbling.