Key Points
The Supreme Court on March 2, 2023, formed a five-member expert committee to examine Hindenburg Research firms damning report on the Adani Group..
The expert committees members are former SBI chairman O.P. Bhatt, Justice J.P. Devadhar (retired), veteran banker K.V. Kamath, Infosys co-founder Nadan Nilekani and advocate Somasekhar Sundaresan..
The committee will look into extant regulatory framework to protect investors, strengthen investor awareness, contravention of law, if any, by the Adani Group..
The court had refused to accept in a sealed cover the governments suggestions about the names and mandate of the committee, saying that public confidence would take a hit if an impression was created that the Centre was steering the process with the courts nod...
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