The Supreme Court of India rejects key demands of petitioners seeking to derail the SEBI investigation into the Adani-Hindenburg case. Read the complete story to unfold the chronology of events since the controversy began.
Adani-Hindenburg case verdict: The SC rejects pleas to transfer Adani fraud case investigation to SIT. The top court has ordered the Centre and SEBI to investigate whether the Hindenburg report on short selling violates any laws, and if so, to take appropriate legal action.
In a major relief to the Adani Group, the Supreme Court bench led by Chief Justice DY Chandrachud today directed the Securities and Exchange Board of India (SEBI) to complete its investigations into the two (out of 24) pending cases per law.
The Supreme Court will deliver its verdict on pleas demanding a court-monitored probe into the allegations of fraudulent transactions and share-price manipulation levelled against the Adani Group.