Key Points
The Securities and Exchange Board of India (Sebi) will now be the sole regulator examining allegations of rule violations at the Adani Group after the Supreme Court Wednesday rejected pleas to either form a special investigation team (SIT) or direct the Central Bureau of Investigation (CBI) to probe US short-seller Hindenburg Research's charges against the infrastructure conglomerate...
On January 24, 2023, US-based short seller Hindenburg Research published a report alleging malfeasance by the Adani Group..
Meanwhile, the fourth PIL wanted a first information report (FIR) to be registered against Hindenburg founder Nathan Anderson for taking short positions in the group through US-traded bonds and overseas-traded derivative instruments, and to recover the profits gained from those deals to compensate Indian investors...
It observed that Sebi is already looking into the allegations against the Adani Group and directed Sebi to continue with its probe on whether there was any violation of minimum public holding norms, failure to disclose related party transactions and any manipulation of stock prices..
It also formed a six-member committee, headed by former Supreme Court judge AM Sapre, to investigate whether there was a regulatory failure in dealing with the alleged contravention of laws pertaining to the securities market in relation to the Adani Group..
You might be interested in
Adani-Hindenburg case: 'Sebi failed to comply with SC's August 14 timeline,' alleges petitioner
29, Nov, 23In May this year, the Supreme Court had given the SEBI time till August 14 to finish the investigation into these allegations.
SEBI investigating Adani since 2016 is factually baseless, regulator tells SC
15, May, 23International Business News: NEW DELHI: The Securities and Exchange Board of India apprised the Supreme Court on Monday that the market regulator is already investigating Adani Gr.
Sebi gets till August 14 to submit probe report
18, May, 23We are not granting an indefinite extension of time. If there is some genuine difficulty, you let us know, the bench headed by chief justice DY Chandrachud told solicitor general Tushar Mehta, who appeared for Sebi. We could have given you time till September 30... but on August 14, tell us which stage are you in. Give us an updated report on the status of the investigation.
Adani-Hindenburg row: Plea in SC seeks contempt action against SEBI
19, Nov, 23The plea said by the order dated May 17, 2023, the apex court directed SEBI to submit its report till August 14, 2023. It said on August 25, 2023, SEBI filed the status report regarding its investigation stating that overall it has done 24 investigations, out of which 22 investigations have achieved finality and two are of interim nature.
Adani-Hindenburg row: Supreme Court upholds Sebi's probe, dismisses need for further investigation
03, Jan, 24India Business News: The Supreme Court of India reinforces the ongoing investigation into the Adani-Hindenburg controversy by the Securities and Exchange Board of India (S
SC declines to order SIT or CBI probe in Adani-Hindenburg row
03, Jan, 24In a relief to the Adani group of companies, the Supreme Court on Wednesday declined to transfer the probe to a Special Investigation Team (SIT) or CBI into the Adani-Hindenburg issue over allegations of stock price manipulation by the Indian corporate giant from Securities and Exchange Board of India (SEBI). | Latest News Delhi
After Sebi's filing in SC, Adani Group says 'no conclusions of wrong-doing'
29, Apr, 23Adani group has reacted on Sebi's request to Supreme Court for extending probe deadline for six months.
Sebi to submit report on Adani to Supreme Court-appointed panel
29, Mar, 23India Business News: The Securities and Exchange Board of India (SEBI) will submit its findings on the Adani Group to a court-appointed committee, as directed by the Supre
Adani-Hindenburg case: Supreme Court to deliver verdict on set of pleas seeking probe
03, Jan, 24Adani-Hindenburg case: In March last year, the Supreme Court instructed Sebi to look into any securities law violations by the Adani Group following the Hindenburg report and formed a six-member expert committee.