SC defers hearing of Adani-Hindenburg case; extension to Sebi yet uncertain
The Supreme Court on Monday deferred the hearing of the Adani-Hindenburg case. The hearing could not take place on Monday due to paucity of time and on account of scheduled hearing of certain matters before a special bench at 3 pm.
A bench headed by the chief justice of India (CJI) DY Chandrachud was expected to pronounce the extension by the Securities and Exchange Board of India (Sebi).
In the meanwhile, SEBI filed a rejoinder affidavit giving additional reasons for seeking more time to probe the issue. The deadline was sought by the regulator to complete the probe of the allegations in the Hindenburg report.
