Adani shortseller saga probe to test Sebi, SC check on the rich & powerful

India’s top court and markets regulator are facing their biggest opportunity to show the country’s determination to police its most powerful companies as they investigate the bombshell allegations lobbed at the Adani Group by Hindenburg Research.

A six-member expert panel — set up at the Supreme Court’s direction on March 2 to look into any regulatory failures and suggest reforms for investor protection — has filed its report to judges in a sealed cover, according to a person familiar with the development who did not want to be identified as the information is private. The court may open it on Friday, this person said, when the matter comes up for hearing again.