Adani-Hindenburg row: Supreme Court refuses SIT probe, says no ground to transfer case from SEBI
NEW DELHI: The Supreme Court on Wednesday while pronouncing its verdict on a batch of petitions seeking a court-monitored probe into the allegations of stock price manipulation against the Adani Group said that the facts of the case did not warrant a transfer of probe to an SIT or another agency.
Chief Justice of India (CJI) D Y Chandrachud refused an SIT probe into the matter remarking that “there was no material to doubt the investigation carried out by the Securities and Exchange Board of India.”
The apex court emphasized that its power to enter the regulatory framework of SEBI is limited.
