Judgement in the Adani-Hindenburg Case: Three Months Are Given to Sebi for Ongoing Investigations

Verdict in the Adani Hindenburg case: The Supreme Court further stated that the Center and Sebi will investigate if Hindenburg had broken any laws.

On Wednesday, the Supreme Court said that there was no justification for excluding the Adani group of firms’ probe from the markets regulator’s Hindenburg report.

It gave the Securities and Exchange Board of India (Sebi) a three-month window to finish looking into two outstanding issues.

Additionally, the Supreme Court declined to impede the Sebi’s investigation.

The CJI stated that a “third-party organisation report without any verification cannot be relied upon as a proof.

The court further stated that media reports should only be used as supporting evidence in these kinds of instances and cannot be regarded as definitive proof.