Judgement in the Adani-Hindenburg Case: Three Months Are Given to Sebi for Ongoing Investigations

Verdict in the Adani Hindenburg case: The Supreme Court further stated that the Center and Sebi will investigate if Hindenburg had broken any laws.

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On Wednesday, the Supreme Court said that there was no justification for excluding the Adani group of firms’ probe from the markets regulator’s Hindenburg report.

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It gave the Securities and Exchange Board of India (Sebi) a three-month window to finish looking into two outstanding issues.

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Additionally, the Supreme Court declined to impede the Sebi’s investigation.

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The CJI stated that a “third-party organisation report without any verification cannot be relied upon as a proof.

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The court further stated that media reports should only be used as supporting evidence in these kinds of instances and cannot be regarded as definitive proof.

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