The Supreme Court will hear on Friday the petitions filed regarding the Adani-Hindenburg dispute. The top court had on March 2 directed market regulator Sebi to conduct an inquiry within two months into the allegations of manipulation of Adani Group's share prices.
The top court had also set up a panel to protect Indian investors after a damning report by US short-seller Hindenburg wiped off over USD 140 billion of the Indian conglomerate's market value. A bench of CJI Justice DY Chandrachud, Justice PS Narasimha, and Justice JB Pardiwala will hear these petitions.
SEBI had asked for six months
Earlier, market regulator SEBI had sought six more months from the Supreme Court to complete the probe into allegations of stock price manipulation and any lapses in regulatory disclosures. The apex court had on March 2 asked Sebi to probe the matter within two months and set up a committee to look into the protection of Indian investors. In an application filed before the court, Sebi had said that it would take six more months to complete the exercise to detect possible violations related to financial misrepresentation, flouting of regulations, and fraudulent transactions.
It was also stated in the petition
The petition said that the time to complete the investigation be extended by six months or such other period as the court may deem fit and necessary in the facts and circumstances of the present case. The top court had directed the setting up of a six-member committee headed by former judge Justice AM Sapre to assess the existing regulatory framework and make recommendations to strengthen the process.
The Supreme Court said this on February 10
The Justice Sapre panel, appointed by the court, is to be assisted by the Center and other statutory agencies, including the SEBI chairman. The top court had on February 10 said that there was a need to protect the interest of Indian investors from market volatility in the backdrop of a fall in Adani Group shares. The court had asked the Center to consider setting up a panel of experts headed by a former judge to strengthen the regulatory mechanism.
After the anti-India statement, now there is an earthquake in the politics of Maldives, preparations to bring a no-confidence motion against President Muizzu
India-Maldives Row: The objectionable remarks made on Prime Minister Narendra Modi and Indian citizens may now increase the problems of Maldives President Mohammed Muizzu. Taking advantage of this,
Magh Purnima Snan: Do this work after bathing on Maghi Purnima today, you will get relief from all troubles
In Hinduism, the full moon date of the month of Magh is considered important. It is also called Maghi Purnima. On this day, bathing in the Ganges, especially at the Sangam of Tirtharaj Prayag, is
UGC NET: New dates of the UGC-NET exam announced, now exams will be held on these dates, format also changed
The National Examination Agency (NTA) has announced new dates for the UGC-NET 2024 exam. However, NTA has changed the format of the exam. Now this exam will be based on CBT (Computer Based Test) mode
Maratha Protest: From hunger strike to court order, the crowd did not go out of control due to police restraint; finally, the movement ended
Delhi Blast: Blast near Red Fort was a terrorist attack, case registered under UAPA; 4 people detained
Delhi Blast: A case has been registered under the Unlawful Activities (Prevention) Act (UAPA) in connection with the terrorist attack that took place near the Red Fort in the capital Delhi on Monday
Uttarkashi Tunnel Collapse: 40 lives trapped in the tunnel... Now efforts are being made to rescue them by inserting 900 mm steel pipe.
The rescue operation has entered the third day after the landslide in the under-construction tunnel in Uttarkashi. The rescue operation is going on rapidly to rescue the workers trapped after the
Cyclone Biparjoy: Dwarkadhish temple was closed for devotees due to 'Biparjoy', but now the doors are open again
Cyclone Biparjoy moving towards the coasts of Gujarat had taken a very dangerous form. Because of the danger, the famous Dwarkadhish temple located in Devbhoomi Dwarka district of Gujarat was closed
Bigg Boss 19 Elimination: This contestant, who rose to prominence thanks to fans, has been evicted; Salman Khan will show him the way out.
The controversial reality show Bigg Boss Season 19 witnessed a shocking eviction last week, with two strong contestants having to leave. Now, this week too, a shocking eviction is set to take place.
Vote For Note: The Supreme Court reversed its own decision in the note for vote case, said - MP-MLAs are not exempted
The Supreme Court has given its verdict on the issue of currency notes for votes. The bench has overturned its previous decision of 26 years. CJI has expressed disagreement on giving relief to the
Mahakumbh 2025: Home Minister Amit Shah will take a dip in Sangam today, Chief Minister Yogi Adityanath will be with him
Home Minister Amit Shah will stay in Mahakumbh Nagar for about seven and a half hours today. The Chief Minister will also be present with him. The Home Minister will arrive at Bamrauli Airport at
