Adani probe: Supreme Court sets August 14 deadline for Sebi
NEW DELHI: The Supreme Court on Tuesday told Sebi to conclude probe into Hindenburg’s allegations of stock price manipulation by the Gautam Adani-led group companies and resultant meltdown of shares.
A bench of CJI D Y Chandrachud and Justices P S Narasimha and Manoj Misra told solicitor general Tushar Mehta that court expected Sebi to complete probe and submit a report “positively by August 14”. Mehta said the probe is being conducted expeditiously at “full speed”.
Appearing for a petitioner, advocate Prashant Bhushan said the Sebi probe will reach nowhere because of the amendments it had carried out to the regulatory norms to dilute them.
