Key Points
A review petition has been filed challenging the Supreme Court's approval of SEBI's probe into the Adani-Hindenburg issue..
A review petition has been filed against the Supreme Court's judgment that gave thumbs up to the market regulator SEBI probe in the Adani-Hindenburg issue...
Anamika Jaiswal, the petitioner, has argued that there are " sufficient reasons which require review of the impugned order passed by the Supreme Court on January 3." Despite some seemingly positive statements from the Supreme Court, SEBIs probe to check if the group violated securities laws is still ongoing..
The petitioner has also claimed that new documents and evidence reveal that Adani Group companies have been in flagrant violation of certain rules.. The modus operandi for the same involved funds being invested by Chang Chung Ling and Nasser Ali Shaban Ahli on behalf of Vinod Adani, a member of the Adani promoter group, into stocks of Adani Group Companies through Global Opportunities Fund, Emerging India Focus Funds and Emerging Market Resurgence Fund..
Of these, Emerging India Focus Fund and Emerging Market Resurgence Fund also find mention among the 13 suspected companies as mentioned in the expert committee report, the petitioner has said.. Adani-Hindenburg saga..
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