Supreme Court has today given three months time to SEBI for investigation against billionaire industrialist Gautam Adani. It is noteworthy that American short seller firm Hindenburg Research Company had accused Gautam Adani’s group of rigging the share prices, after which the Adani group suffered a major setback and their shares started falling.

Given to SEBI 18 Time till August

A bench headed by Supreme Court Chief Justice DY Chandrachud asked SEBI to submit a report 08 Time till August has been given. The next hearing of the matter by the court is scheduled on July. The Supreme Court also ordered that a copy of the report submitted by Justice AM Sapre Committee be made available to the parties, so that they can help the court in this matter.

Order for filing of update report ) Significantly, a bench headed by Chief Justice DY Chandrachud has asked SEBI to file a new and updated report on the investigation into the allegations of manipulation of share prices against Gautam Adani. Apart from the Chief Justice, this bench of the Supreme Court also includes Justice PS Narasimha and Justice Pardiwala.

There was a lot of politics on the allegations It is to be known that on March 2, the Supreme Court had ordered the formation of a six-member committee to investigate the allegations of rigging the share prices of Gautam Adani’s group. After the allegations of Hindenburg Research Company, there was a lot of politics in the country. The opposition surrounded the Narendra Modi government in Parliament regarding this issue and sought answers from Prime Minister Narendra Modi on this issue.

)Supreme CourtGautam AdaniHindenburg ResearchPublished Date

Wed, May 17, 2023, 2: 06 PM IST