Key Points
The Supreme Court Wednesday granted three months extension to the Securities Exchange Board of India (Sebi) to submit a report on its probe into the allegations of brazen stock manipulation and accounting fraud by shortseller firm Hindenburg Research against billionaire industrialist Gautam Adanis group of companies...
The bench headed by Chief Justice DY Chandrachud granted the regulator time till August 14 to submit the report..
Supreme Court grants SEBI time till August 14 to submit report on its probe into allegations by Hindenburg Research report against Adani group of companies..
This comes two days after Sebi informed the court that it had not probed any Adani Group of companies since 2016 as alleged by some of the petitioners who have sought a probe into the claims by Hindenburg Research on the group...
Hindenburg Research, the US-based short seller firm, had accused industrialist Gautam Adani-led conglomerate of brazen stock manipulation and accounting fraud scheme over the course of decades...
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