Stop media reports on Adani firms unless verified by Sebi, lawyer urges SC
A plea has been moved in the Supreme Court seeking a gag order to prevent media from publishing allegations in connection with the Adani group firms unless market regulator Securities and Exchange Board of India (Sebi) verifies them.
The interim application, filed by advocate M.L. Sharma, said media hype has led to the Indian share market “crashing by more than 50 per cent and the allegations are creating panic amongst the investors”.
Sharma’s application is a part of his PIL, which was filed last week. The plea has not been listed so far for hearing.
