Adani group report: Petitioner opposes six-month extension to Sebi

Advocate Vishal Tiwari, one of the petitioners in the Adani-Hindenburg case in the Supreme Court, has filed an application opposing the six-month extension sought by the Securities and Exchange Board of India (Sebi) to complete the probe into the allegations in the Hindenburg Research report.

Sebi, which was set to file a status report in the matter on May 2, asked the top court to give it six more months to complete its probe into short-seller Hindenburg Research’s allegations against Adani. Tiwari’s application says Sebi is trying to make the probe “endless” and prayed that the court should not grant the regulator the extension.