A review petition has been filed challenging the Supreme Court s approval of SEBI s probe into the Adani-Hindenburg issue. The petitioner alleges the judgment has "apparent errors" and overlooks SEBI s regulatory failures. The case involves US short-seller Hindenburg Research accusing the Adani Group of fraud and stock price manipulation. SEBI s probe into potential securities law violations is ongoing.
In Today’s Edition: Supreme Court’s big verdict in Adani-Hindenburg case, why sports bodies are lucrative, AAP goes into huddle fearing Kejriwal’s arrest; and more
The bench headed by Chief Justice D Y Chandrachud said the facts of the case do not warrant a transfer of investigation from the SEBI and stated that the market regulator should take its probe to a logical conclusion as per the law.