Adani-Hindenburg: May grant Sebi a three-month extension for probe, says SC
The Supreme Court of India (SC) on Friday said that it may grant a three-month extension to probe into the allegations of stock price manipulation by the Adani Group and lapses in regulations. The Securities and Exchange Board of India (Sebi) had asked the court for a six-month extension.
A bench of chief justices DY Chandrachud and Justices PS Narasimha and JB Pardiwala said the court registry had received the report of the apex court-appointed AM Sapre committee on the issue and would like to hear the matter on Monday after perusing the findings of the panel.
“We will go through the report in the meantime. We will take up the matter on May 15,” the bench said.
