Key Points
India's market regulator SEBI on Monday told the Supreme Court Monday that any incorrect or premature conclusion of its probe into possible lapses of regulatory disclosures by billionaire Gautam Adani's eponymous group will not serve the interest of justice and will be legally untenable..
In a court filing, the Securities and Exchange Board of India (SEBI) said it has already approached eleven overseas regulators for information to examine if the Adani group had violated any norms regarding its publicly available shares...
The Supreme Court Friday said it will consider granting three more months to the Securities and Exchange Board of India to wrap up its probe into allegations of stock price manipulation by the Adani group while rejecting suggestions that it had blamed SEBI for regulatory failure...
A bench headed by Chief Justice D Y Chandrachud fixed May 15 for hearing a batch of PILs on the Adani-Hindenburg row as an application by SEBI seeking an extension of time to complete the probe into alleged stock price manipulation by the Adani group...
"There has to be some sense of responsibility You must be conscious of the fact that whatever allegations you make, it affects the stability and volatility of the stock market," Justice Chandrachud said, reacting angrily to submissions made by a petitioner's lawyer about regulatory failure on part of SEBI...
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29, Apr, 23The Gautam Adani-led conglomerate responded saying it is fully cooperating with the probe.
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03, Jan, 24The SC will rule on a bunch of petitions, demanding investigation into allegations of accounting fraud and stock manipulation against Adani group companies | Latest News India