SC hints at granting Sebi three-month extension to complete Adani probe
The Supreme Court (SC) on Friday hinted that it might grant an extension of three months to the Securities and Exchange Board of India (Sebi) to conclude its investigation in the Adani-Hindenburg matter.
The Bench didn’t seem inclined to accept the market regulator’s plea for a six-month extension, but said it would decide on the final timeline after reading the submissions made by the six-member committee headed by Justice (retd) A M Sapre over the weekend. The next hearing in the matter will take place on May 15.
“The report of the committee constituted by the court —it’s with the registry. We haven’t had time to read it.
