Key Points
THE SUPREME Court will pronounce its order on constituting a committee to suggest changes in the market regulatory mechanism so as to protect investors in the wake of the Adani-Hindenburg affair on Thursday...
A three-judge bench presided by Chief Justice of India D Y Chandrachud had reserved its order on February 24 on a batch of PILs which sought a probe into the report by the short seller research firm Hindenburg accusing the Adani group of share manipulations..
Reserving its verdict, the court also said that it will decide on its own who should be members of a committee that it proposed to set up to look into the matter and recommend measures to strengthen the regulatory mechanism so as to save Indian investors from the kind of market fluctuations that was witnessed when the report was published..
Market regulator SEBI told the court that it is already enquiring into both, the allegations made in the Hindenburg report as well as the market activity immediately preceding and post the publication of the report, to identify violations of SEBI Regulations..
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