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The Supreme Court has postponed the hearing in the Adani-Hindenburg case as the constitution bench led by chief justice DY Chandrachud decided to continue hearing a clutch of petitions challenging the 2019 Presidential order taking away the special status accorded to the erstwhile state of Jammu and Kashmir (J&K) and its bifurcation into two union territories (UTs).
Market regulator Securities and Exchange Board of India (SEBI) has approached the Supreme Court seeking 15 more days for filing its investigation report on the Adani-Hindenburg issue, including alleged stock market manipulation in the scrips of Adani group companies.
On Monday, the Securities and Exchange Board of India (SEBI) submitted a 41-page affidavit to the Supreme Court regarding the Adani-Hindenburg case. The case is scheduled for a hearing on Tuesday.
A Supreme Court (SC)-appointed expert committee could well become a preferred choice for corporate India, when faced with a major financial scandal requiring a ‘systemically important investigation’.