Adani-Hindenburg case: Plea filed in SC seeks review of Jan 3 verdict

A review plea has been filed against the Supreme Court judgment of January 3 that said there is ‘no ground’ to transfer the Securities and Exchange Board of India’s (Sebi) investigation into allegations against the Adani Group by US-based short-seller Hindenburg Research to a special investigation team (SIT) or Central Bureau of Investigation (CBI).

The review petition, filed by Anamika Jaiswal, said there are many instances through which Sebi’s regulatory failures are readily apparent. ‘Such failures have eventually contributed to alleged regulatory contraventions and statutory violations,’ the plea stated.