SC to Hear Plea Seeking Probe into Hindenburg Research Report on Adani Firms on Friday
1 year, 11 months ago

SC to Hear Plea Seeking Probe into Hindenburg Research Report on Adani Firms on Friday

News 18  

The Supreme Court has agreed to hear on Friday a plea seeking a direction to the Centre to constitute a committee monitored by a retired apex court judge to inquire and investigate into the Hindenburg Research report which has made a slew of allegations against the business conglomerate led by industrialist Gautam Adani. “A similar petition is coming up tomorrow,” he said, adding, “This pertains to the Hindenburg Research report which has tarnished the image of the country and caused loss.” He urged the bench that his plea be also heard on Friday along with the separate plea. Last week, another PIL was filed in the apex court by advocate M L Sharma seeking prosecution of short seller Nathan Anderson of US-based firm Hindenburg Research and his associates in India and the US for allegedly exploiting innocent investors and the “artificial crashing” of Adani Group’s stock value in the market. “In the aftermath of an unprecedented attack on billionaire Gautam Adani’s vast empire by Hindenburg, the market value of all 10 Adani stocks have halved with investors sitting with a colossal loss…,” the plea filed by Tiwari submitted.

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History of this topic

Plea Before Delhi High Court Seeks Regulatory Mechanism For Cryptocurrency, Probe Against 'Operational Lapses' At BitsBNS
1 day, 16 hours ago

Plea Before Delhi High Court Seeks Regulatory Mechanism For Cryptocurrency, Probe Against 'Operational Lapses' At BitsBNS

Live Law  

A petition has been filed before the Delhi High Court seeking a regulatory mechanism for cryptocurrency as well as a special probe against alleged operational lapses at BitsBNS.BitsBNS is one of the top cryptocurrency exchanges in India which allows users to trade cryptocurrencies at best competitive prices.Justice Sachin Datta today sought response of the Reserve Bank of India. A petition …

Fresh plea in Supreme Court seeks probe into U.S. indictment of Gautam Adani
1 month, 2 weeks ago

Fresh plea in Supreme Court seeks probe into U.S. indictment of Gautam Adani

The Hindu  

A fresh plea has been filed in the Supreme Court seeking a probe into the indictment of billionaire industrialist Gautam Adani who has been indicted in the U.S. for alleged bribery and fraud, saying the move "unveiled malpractices carried out by the conglomerate". The U.S. Department of Justice has accused Mr. Adani of being part of an elaborate scheme to …

Bribery case: Fresh plea in Supreme Court seeks inquiry into US indictment of Gautam Adani
Trending News
1 month, 2 weeks ago

Bribery case: Fresh plea in Supreme Court seeks inquiry into US indictment of Gautam Adani

Live Mint  

A fresh plea has been filed in the Supreme Court seeking an inquiry into the indictment of Adani group founder and chairman Gautam Adani, who has been charged in the US for alleged bribery and fraud. The US Department of Justice has accused Gautam Adani of being part of an elaborate scheme to pay $265 million bribe to Indian officials …

Fresh plea in SC seeks probe into US indictment of Gautam Adani
1 month, 2 weeks ago

Fresh plea in SC seeks probe into US indictment of Gautam Adani

Deccan Chronicle  

New Delhi: A fresh plea has been filed in the Supreme Court seeking a probe into the indictment of billionaire industrialist Gautam Adani who has been charged in the US for alleged bribery and fraud, saying the move "unveiled malpractices carried out by the conglomerate".The plea has been filed by advocate Vishal Tiwari as an interlocutory application in the batch …

'US Indictment Of Adani Must Be Investigated By Indian Agencies' : Petitioner In Adani-Hindenburg Matter Files Application In Supreme Court
1 month, 2 weeks ago

'US Indictment Of Adani Must Be Investigated By Indian Agencies' : Petitioner In Adani-Hindenburg Matter Files Application In Supreme Court

Live Law  

An application has been filed in the Supreme Court seeking to produce the indictment of the United States Department of Justice which raised bribery allegations against Gautam Adani and other executives of Adani group of companies.The interlocutory application has been filed in the petition which was filed last year seeking an independent investigation into the allegations levelled by. An application …

US bribery case against Adani reaches Supreme Court, Sebi in the dock
1 month, 2 weeks ago

US bribery case against Adani reaches Supreme Court, Sebi in the dock

India Today  

A fresh application was filed before the Supreme Court on Sunday urging it to take on record the charges of bribery and fraud brought against billionaire Gautam Adani and his seven associates by US authorities. The petition, filed by Vishal Tiwari, alleges shortcomings in the Securities and Exchange Board of India’s investigation into Hindenburg Research's allegations against the Adani Group …

Adani Group stocks nosedive after US indictment over alleged bribery, investor fraud
1 month, 3 weeks ago

Adani Group stocks nosedive after US indictment over alleged bribery, investor fraud

New Indian Express  

The allegations also include bids to obstruct justice by deleting electronic evidence and misleading the Justice Department, the Securities and Exchange Commission, and the FBI. Its key lenders include State Bank of India, ICICI Bank, Axis Bank, Yes Bank, IndusInd Bank, IDFC First Bank, Bank of India, RBL Bank, Central Bank of India, Union Bank of India, IDBI Bank and …

SEBI’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?
4 months, 3 weeks ago

SEBI’s Buch Under Pressure: Can India’s Market Watchdog Chief Weather the Storm?

The Hindu  

Published : Aug 16, 2024 20:42 IST - 8 MINS READ When the Satyam scam came to light in January 2009, it was a bolt from the blue for India’s stock market. The report accuses Buch of investing in an offshore Mauritius fund that’s part of the very fund structure being probed by SEBI for its fund flows into Adani …

Hindenburg vs Adani: US firm's serious charge against Sebi chief; Congress says end ‘conflict of interest’ | 10 points
5 months ago

Hindenburg vs Adani: US firm's serious charge against Sebi chief; Congress says end ‘conflict of interest’ | 10 points

Hindustan Times  

US short-seller Hindenburg Research – which had wiped out much of Adani Group's net worth with its allegations of financial irregularities last year – on Saturday claimed in a blog that market regulator Sebi's chairperson Madhabi Puri Buch and her husband Dhaval Buch had stakes in “obscure offshore funds” used in the Adani scandal. The American firm accused the market …

‘Something big soon India’: After Adani Group, Hindenburg Research hints at new report
5 months ago

‘Something big soon India’: After Adani Group, Hindenburg Research hints at new report

Hindustan Times  

US-based investment research firm “Hindenburg Research” on Saturday shared a cryptic post hinting at another major India-focused report. In an X post on Friday, the firm worte, “Something big soon India.” In 2023, following the allegations against the Adani Group, shares of various Adani companies plummeted, with reported losses exceeding USD 100 billion. These accusations, detailed in the report by …

Adani Group case: Hindenburg Research gets show cause notice from SEBI, US firm terms it 'nonsense'
6 months, 1 week ago

Adani Group case: Hindenburg Research gets show cause notice from SEBI, US firm terms it 'nonsense'

India TV News  

Adani-Hindenburg row: Hindenburg Research, the US-based short-seller, said it received a show-cause notice from India’s capital market regulator Securities and Exchange Board of India in the Adani Group case. The US firm said the show cause notice does resolve some questions: "Did Hindenburg work with dozens of firms to short Adani, making hundreds of millions of dollars? Adani-Hindenburg row Hindenburg …

Plea filed in SC seeks to review Adani-Hindenburg verdict
10 months, 4 weeks ago

Plea filed in SC seeks to review Adani-Hindenburg verdict

The Hindu  

A review petition was filed on Tuesday in the Supreme Court seeking a relook of its January verdict backing the investigation of the Securities and Exchange Board of India in the Adani-Hindenburg case and refusing to transfer the probe to the Central Bureau of Investigation or a Special Investigation Team. The review petition urged the court to set a “firm …

Adani-Hindenburg case: Review petition filed in SC against January 3 verdict
10 months, 4 weeks ago

Adani-Hindenburg case: Review petition filed in SC against January 3 verdict

Live Mint  

A petition has been filed in the Supreme Court seeking review of its January 3 verdict by which it refused to transfer the probe into allegations of stock price manipulation by the Adani Group to a special investigation team or the Central Bureu of Investigation. Here's why review petition challenges SC's verdict The plea, filed through advocate Neha Rathi, said …

Adani-Hindenburg Row | Plea Filed In Supreme Court Seeking Review Of Verdict Endorsing SEBI Investigation
10 months, 4 weeks ago

Adani-Hindenburg Row | Plea Filed In Supreme Court Seeking Review Of Verdict Endorsing SEBI Investigation

Live Law  

In the latest development in the Adani-Hindenburg row, a review petition has been filed challenging the recent Supreme Court verdict that dismissed pleas for a probe into allegations of stock price manipulations by the Adani group of companies.The plea, filed by petitioner Anamika Jaiswal, seeks a review of the January 3 judgment, which rejected calls for a Special Investigation Team. …

Excise policy ‘scam’: Court adjourns Sisodia bail plea hearing till Feb 5
11 months, 1 week ago

Excise policy ‘scam’: Court adjourns Sisodia bail plea hearing till Feb 5

New Indian Express  

NEW DELHI: Rouse Avenue Court on Friday adjourned the hearing of a bail plea filed by former Deputy Chief Minister and senior AAP leader Manish Sisodia till February 5 as the Enforcement Directorate had not filed reply in the matter. Directing the probing agency to file a reply by the next hearing on Monday, the district judge also said there …

Adani verdict: Onus now on Sebi to reinforce investor confidence
1 year ago

Adani verdict: Onus now on Sebi to reinforce investor confidence

Live Mint  

The Supreme Court pulled no surprises in dismissing a bunch of petitions calling for an independent investigation by a team reporting either directly to it or to the Central Bureau of Investigation into Hindenburg Research’s explosive report on the Adani Group. Hindenburg’s report, as well as follow-up reports by the Organised Crime and Corruption Reporting project, levied serious charges of …

Shielding SEBI: On Supreme Court’s ruling and SEBI probe
1 year ago

Shielding SEBI: On Supreme Court’s ruling and SEBI probe

The Hindu  

The Supreme Court of India’s ruling on a batch of petitions, filed in the wake of a U.S.-based short seller’s allegations of malfeasance including stock price manipulation at the Adani group of companies, has squarely tossed the ball back to the markets regulator’s court. The Court has opted to subordinate petitioners’ entreaties to protect larger public interest to its chariness …

Investigate If Losses To Indian Investors Due To Short Selling In Adani Shares By Hindenburg & Others Violated Law : Supreme Court
1 year ago

Investigate If Losses To Indian Investors Due To Short Selling In Adani Shares By Hindenburg & Others Violated Law : Supreme Court

Live Law  

While refusing to order an SIT probe into allegations levelled regarding stock price manipulations against the Adani Group in the Hindenburg Research Report, the Supreme Court today ordered the Securities and Exchange Board of India and the investigative agencies of the Union government, to probe into whether the loss suffered by Indian investors due to the conduct of the. While …

‘Truth has prevailed’, says Gautam Adani after SC judgment
1 year ago

‘Truth has prevailed’, says Gautam Adani after SC judgment

Live Mint  

Adani Group Chairman Gautam Adani on Wednesday welcomed the Supreme Court judgment in the Hindenburg case. The top court on January 3 pronounced its verdict on a batch of petitions seeking examination of allegations of fraud made against Adani Group of companies in the Hindenburg Research report. The pleas claimed the allegations that the Adani Group, considered close to the …

SC says ‘petitions lack adequate research’
1 year ago

SC says ‘petitions lack adequate research’

Live Mint  

Adani-Hindenburg Case Verdict: The Supreme Court of India rejected key demands of petitioners seeking to derail the ongoing SEBI investigation into allegations raised by Hindenburg Research. Adani-Hindenburg Case Verdict: Chronology of events January 24: Hindenburg Research releases a report on the Adani Group companies claiming that it was "engaged in a brazen stock manipulation and accounting fraud". Effective from this …

Adani Hindenburg Case Verdict: SC directs SEBI to complete probe in 3 months
1 year ago

Adani Hindenburg Case Verdict: SC directs SEBI to complete probe in 3 months

Live Mint  

Adani-Hindenburg case verdict: The Supreme Court on December 3 pronounced its verdict on a batch of petitions that were filed seeking a court-monitored investigation or CBI probe into the allegations made against Adani Group of companies in the Hindenburg Research report. Adani Hindenburg Case Verdict Live Updates Here are 10 points to know from the judgment 1. While reading out …

Adani Hindenburg Case Verdict: SC refuses to transfer probe from SEBI to SIT
1 year ago

Adani Hindenburg Case Verdict: SC refuses to transfer probe from SEBI to SIT

Live Mint  

Adani Hindenburg Case Verdict: The Supreme Court has on December 3 held that there is no ground to transfer the Adani Hindenberg case investigation from the Securities and Exchange Board of India to a Special Investigation Team. In March 2023, the top court directed the capital markets regulator Securities and Exchange Board of India to investigate any violations of securities …

Adani-Hindenburg case verdict | No ground to transfer the investigation from SEBI to SIT, says SC
1 year ago

Adani-Hindenburg case verdict | No ground to transfer the investigation from SEBI to SIT, says SC

The Hindu  

The Supreme Court on January 3 refused to transfer the investigation being carried out by market regulator SEBI into Hindenburg Research’s allegations against the Adani Group to a separate Special Investigation Team saying that the power of the court to enter the regulatory domain of SEBI is “limited”. Taking into account the assurance of the Solicitor General, we direct SEBI …

India’s Adani gets top court relief on further probe over Hindenburg report
1 year ago

India’s Adani gets top court relief on further probe over Hindenburg report

Al Jazeera  

Indian agency was probing the group after Hindenburg Research last year alleged the improper use of tax havens and stock manipulation. India’s Supreme Court says the Adani Group does not need to face more investigations beyond the current scrutiny of the market regulator, a major relief for the conglomerate hit hard by a United States-based shortseller’s allegations of wrongdoing. Though …

Adani-Hindenburg case: SC to give verdict over pleas seeking probe on January 3
1 year ago

Adani-Hindenburg case: SC to give verdict over pleas seeking probe on January 3

Live Mint  

The Supreme Court is expected to pronounce the judgment tomorrow, January 3, in a batch of petitions seeking examination of allegations of fraud made against Adani Group of companies in the Hindenburg Research report. Billionaire Gautam Adani's conglomerate saw almost $60 billion of his personal wealth erased last year after US-based short seller Hindenburg Research report accused his group of …

SC to deliver verdict on Adani-Hindenburg row over market manipulation allegations today
1 year ago

SC to deliver verdict on Adani-Hindenburg row over market manipulation allegations today

India TV News  

The Supreme Court is poised to announce its verdict on Wednesday regarding the Adani-Hindenburg dispute, addressing allegations of stock price manipulation against the Indian corporate giant, Adani Group. One of the PILs alleged that amendments to the Securities and Exchange Board of India Act provided a shield for the Adani Group's regulatory contraventions and market manipulations. The Hindenburg Research report, …

‘Conflict of interest’: Plea in Supreme Court for fresh panel on Adani probe
1 year, 3 months ago

‘Conflict of interest’: Plea in Supreme Court for fresh panel on Adani probe

Hindustan Times  

One of the petitioners in the Adani-Hindenburg case has requested the Supreme Court to reconstitute the panel of experts to investigate into the accusations of regulatory failure and breach of laws against the conglomerate, alleging conflict of interest of three of the six-member panel that is headed by a retired apex court judge. It is therefore respectfully prayed, a fresh …

An unclean chit: The Hindu Editorial on the SEBI investigation and Hindenburg Research’s allegations
1 year, 7 months ago

An unclean chit: The Hindu Editorial on the SEBI investigation and Hindenburg Research’s allegations

The Hindu  

Last Wednesday, the Supreme Court granted the Securities and Exchange Board of India more time to complete its investigation into Hindenburg Research’s allegations of malfeasance, stock price manipulations and violations of minimum public shareholding requirements in Adani Group firms. But the findings of a six-member expert panel, tasked by the Court to review Indian securities market’s overall regulatory and investor …

Bengal SSC Scam Case: SC To Hear On April 26 Abhishek Banerjee's Plea Seeking No Coercive Action By CBI, ED
1 year, 7 months ago

Bengal SSC Scam Case: SC To Hear On April 26 Abhishek Banerjee's Plea Seeking No Coercive Action By CBI, ED

ABP News  

The Supreme Court on Monday agreed to hear on May 26 a plea by senior TMC leader Abhishek Banerjee against his questioning by the CBI in the school jobs scam case, as reported by the news agency PTI. Banerjee's name cropped up in a complaint filed by Kuntal Ghosh, a local businessman and an accused in the school jobs scam, …

Six entities under lens for suspicious trading in Adani shares: Supreme Court panel
1 year, 7 months ago

Six entities under lens for suspicious trading in Adani shares: Supreme Court panel

The Hindu  

Six entities including four foreign portfolio investors are under the lens for suspicious trading in Adani Group shares prior to the release of the damning Hindenburg report, the Supreme Court-appointed expert committee has said. There was a build up of short positions in the Adani scips prior to the January 24 release of the Hindenburg report, and substantial profits were …

Sebi probe into Adani drew blank: SC-appointed panel
1 year, 7 months ago

Sebi probe into Adani drew blank: SC-appointed panel

Deccan Chronicle  

New Delhi: An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Sebi has "drawn a blank" in its probe into alleged violations in money flows from offshore entities into the conglomerate. "At this stage, taking into account the explanations provided by Sebi, supported by empirical data, prima …

Adani Group gets Supreme Court panel's clean chit in Hindenburg allegations: 'Prima facie no violation' – India TV
1 year, 7 months ago

Adani Group gets Supreme Court panel's clean chit in Hindenburg allegations: 'Prima facie no violation' – India TV

India TV News  

Adani-Hindenburg row: In a huge relief for Adani Group, an expert committee appointed by the Supreme Court to investigate allegations around the company made by US short-seller Hindenburg Research has found that it was not possible to conclude if there has been regulatory failure on stock price manipulation allegations. The Supreme Court had appointed the committee after US short-seller Hindenburg …

Adani-Hindenburg row: SC extends deadline for SEBI probe till Aug 14
1 year, 7 months ago

Adani-Hindenburg row: SC extends deadline for SEBI probe till Aug 14

Deccan Chronicle  

New Delhi: The Supreme Court will on Wednesday extended the Securities and Exchanges Board of India to conclude its probe into the Hindenburg Research report on Adani Group till 14 August 2023. SEBI submitted before the Supreme Court that the application for extension of time filed by it is meant to ensure carriage of justice keeping in mind the interest …

Adani-Hindenburg row: Supreme Court to hear PILs seeking probe today
1 year, 7 months ago

Adani-Hindenburg row: Supreme Court to hear PILs seeking probe today

Live Mint  

The Supreme Court will on Wednesday hear a batch of Public Interest Litigations seeking an investigation into the Adani Group-Hindenberg report issue and the SEBI's plea for an extension of time to submit the report. The apex court on Monday adjourned the hearing on the SEBI plea seeking a six-month extension to conclude the investigation in the Hindenburg Research's report. …

Adani-Hindenburg row: Supreme Court to hear SEBI’s plea on extension of probe time
1 year, 7 months ago

Adani-Hindenburg row: Supreme Court to hear SEBI’s plea on extension of probe time

The Hindu  

The Supreme Court adjourned to Tuesday the hearing on a plea of the Securities and Exchange Board of India seeking an extension of six months to complete a probe into allegations of stock price manipulation by the Adani group. "The application for extension of time filed by SEBI is meant to ensure carriage of justice keeping in mind the interest …

Adani-Hindenburg case: SC adjourns hearing SEBI’s plea for extension of probe
1 year, 7 months ago

Adani-Hindenburg case: SC adjourns hearing SEBI’s plea for extension of probe

Live Mint  

The Supreme Court has adjourned the hearing of the plea filed by capital markets regulator Securities and Exchange Board of India seeking a six-month extension to complete the probe on Adani Group to July 10, according to CNBC-TV18. SEBI told the Supreme Court on May 15 that any incorrect or premature conclusion of its investigation into the Adani group's possible …

Plea for six months is to carry out justice, not a delay tactic: SEBI tells SC
1 year, 7 months ago

Plea for six months is to carry out justice, not a delay tactic: SEBI tells SC

The Hindu  

The Securities Exchange Board of India on Monday in the Supreme Court said its request for a “minimum” of six more months to inquire into Hindenburg Research’s allegations of fraud against the Adani Group is to ensure “carriage of justice”. Where further investigation is required and most of the data required for this purpose is expected to be reasonably accessible, …

SC offers 3-month extension to Sebi on Adani group case
1 year, 7 months ago

SC offers 3-month extension to Sebi on Adani group case

Live Mint  

The Supreme Court on Friday offered an additional three months to the Securities and Exchange Board of India to complete its investigation into the alleged violation of laws by the Adani group, expressing reservations about the regulator’s request for a six-month timeframe. The court, however, said it would review the Justice Sapre committee’s report on regulatory failure and breach of …

Adani-Hindenburg row | Supreme Court confirms receipt of J. Sapre panel report
1 year, 7 months ago

Adani-Hindenburg row | Supreme Court confirms receipt of J. Sapre panel report

The Hindu  

The Supreme Court on Friday said it will use the weekend to pore over the report submitted by an expert committee led by former of apex court judge, Justice Abhay Manohar Sapre, on Hindenburg Foundation’s allegations of manipulation of share prices and fraud against the Adani group before taking a call on a request by Securities and Exchange Board to …

Adani-Hindenburg row: SC to hear matter on May 12
1 year, 8 months ago

Adani-Hindenburg row: SC to hear matter on May 12

Deccan Chronicle  

NEW DELHI: The Supreme Court will hear on May 12 the pleas on the Adani-Hindenburg row and is likely to consider market regulator SEBI's application seeking a six-month extension to complete its probe into the allegations of stock price manipulation by the Adani group and lapses in regulatory disclosure. The apex court had on March 2 asked SEBI to probe …

Adani-Hindenburg Saga: SC to hear SEBI’s 6-month extension plea on May 12
1 year, 8 months ago

Adani-Hindenburg Saga: SC to hear SEBI’s 6-month extension plea on May 12

Live Mint  

The Supreme Court will hear the plea by capital markets regulator Securities and Exchange Board of India seeking a six-month extension to complete the probe on Adani Group on May 12, according to CNBC-TV18. Sebi had asked the apex court for the extension to finish its investigation into allegations levelled by US-based short seller Hindenburg against the conglomerate, noting that …

Buying time: on the Securities and Exchange Board of India probe and allegations against Adani group
1 year, 8 months ago

Buying time: on the Securities and Exchange Board of India probe and allegations against Adani group

The Hindu  

Barely two days before the expiry of a Supreme Court-stipulated deadline to probe allegations raised by Hindenburg Research about misdemeanours and violations of stock market norms by the Adani group, the Securities and Exchange Board of India has sought at least six more months from the Court to finalise its findings. Following the bloodbath in the prices of most Adani …

‘No conclusions of any alleged wrong-doing’ Adani Group on SEBI’s 6 month extension request to complete Hindenburg probe
1 year, 8 months ago

‘No conclusions of any alleged wrong-doing’ Adani Group on SEBI’s 6 month extension request to complete Hindenburg probe

Live Mint  

After Sebi asked the Supreme Court for a 6-month extension to finish its investigation into the Hindenburg allegations made against the Adani Group, the Gautam Adani-led conglomerate responded saying it is fully cooperating with the probe. "We understand that Sebi has approached the Hon'ble Supreme Court for more time to conclude its investigation," the statement further said. "While we continue …

After Sebi's legal filing in SC, Adani Group says 'no conclusions of wrong-doing'
1 year, 8 months ago

After Sebi's legal filing in SC, Adani Group says 'no conclusions of wrong-doing'

Hindustan Times  

Following the SEBI's request to the Supreme Court for a 6-month extension to complete its investigation into the Hidenburg allegations levelled against the Adani Group, the Gautam Adani-led conglomerate said that it is fully cooperating in the investigation and that the application by the Indian market regulator carries no conclusions of wrongdoing. As a result, the Adani Group's market value …

‘Mr Nagpur Wakeelsaab...’: Mahua Moitra after Harish Salve's Hindenburg remarks
1 year, 10 months ago

‘Mr Nagpur Wakeelsaab...’: Mahua Moitra after Harish Salve's Hindenburg remarks

Hindustan Times  

Trinamool Congress MP Mahua Moitra on Saturday hit out at senior lawyer Harish Salve for demanding a detailed probe against the US-based short-seller Hindenburg Research over the Adani row. In an interview to NDTV, Salve said Hindenburg “is no Good Samaritan” and that the committee should find all those who have made huge money by shorting shares. Taking a potshot …

India’s top court orders probe of Adani business group
1 year, 10 months ago

India’s top court orders probe of Adani business group

Associated Press  

NEW DELHI — India’s top court on Thursday ordered an expert committee to investigate any regulatory failures related to the country’s second-largest conglomerate, the Adani Group. Shares in the group’s flagship, Adani Enterprises, and other affiliated companies have lost tens of billions of dollars in market value since Hindenburg issued its report. The top court also directed the government-run Securities …

SC sets up panel on Hindenburg report on Adani, seeks report in two months
1 year, 10 months ago

SC sets up panel on Hindenburg report on Adani, seeks report in two months

Deccan Chronicle  

New Delhi: The Supreme Court has set up an expert committee on the issue arising from the Hindenburg Research report on Adani Group companies. On February 17, while reserving its order, the top court refused to accept the sealed cover suggestion by the Centre on the appointment of the committee related to regulatory mechanisms to protect the investors in the …

Adani-Hindenburg: SC asks probe panel to submit its report within two months
1 year, 10 months ago

Adani-Hindenburg: SC asks probe panel to submit its report within two months

Live Mint  

Supreme Court on Thursday said it has set up a six-member panel to look into regulatory mechanisms to protect investors' interest after a report by a U.S. short seller on the Adani conglomerate led to large investor losses The apex court directed market regulator SEBI to investigate whether there has been a violation of Section 19 of SEBI rules and …

India top court orders probe into allegations against Adani Group
1 year, 10 months ago

India top court orders probe into allegations against Adani Group

Al Jazeera  

Court asks market regulator to investigate possible lapses in securities law or other regulatory disclosures by Gautam Adani-led group. India’s top court has asked the market regulator to investigate any possible lapses in securities law or other regulatory disclosures by the Adani Group which has been accused of business malpractice by a United States-based short seller. The Supreme Court on …

Hindenburg Research report on Adani Group | Supreme Court verdict on expert committee on March 2
1 year, 10 months ago

Hindenburg Research report on Adani Group | Supreme Court verdict on expert committee on March 2

The Hindu  

The Supreme Court on Thursday is scheduled to pronounce its judgment on the formation of an expert committee to examine Hindenburg Research firm’s damning report on the Adani Group. The court had refused to accept in a sealed cover the government's suggestions about the names and mandate of the committee, saying that public confidence would take a hit if an …

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