The Supreme Court on Friday asked the Securities and Exchange Board of India to show some “alacrity” in completing its probe within three months into the controversy surrounding the Hindenburg Research report on the Adani Group of companies.
The court said it may grant additional time of three months instead of six months for the purpose.
The group was accused of “accounting fraud” and “brazen stock manipulation” as per January 25 report by the US short seller firm Hindenburg.
