Articles for Regulatory Failure

Plea filed in SC seeks to review Adani-Hindenburg verdict
10 months, 1 week 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 …

Investigation Court Investigations Review Sebi Petition Regulatory Failure
Decoding the expert committee report on Adani - The Hindu
1 year, 6 months ago

Decoding the expert committee report on Adani - The Hindu

The Hindu  

The story so far: The Supreme Court order dated March 2, 2023, led to two parallel inquiries into contraventions of the Adani group of companies, alleged by Hindenburg Research. The expert committee report states that SEBI had begun investigating the Adani group companies in October 2020, following complaints received in June-July 2020. The expert committee report reveals that 849 alerts …

Money Laundering Regulatory Companies Price Report Table Committee
Did not probe Adani since 2016, Sebi tells SC; row erupts
1 year, 7 months ago

Did not probe Adani since 2016, Sebi tells SC; row erupts

Hindustan Times  

A political row broke out on Monday after the Securities and Exchange Board of India submitted an affidavit in the Supreme Court calling it “factually baseless” that the Adani Group was being investigated by the regulator since 2016, prompting several Opposition leaders to cite a July 2021 reply by the junior finance minister to Parliament stating that “Sebi is investigating …

India Investigation Court Companies Group Sebi Parliament
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 …

Court Report Mehta Group Sebi Bench Adani
Supreme Court forms expert panel to probe any regulatory failure on Adani issue
1 year, 9 months ago

Supreme Court forms expert panel to probe any regulatory failure on Adani issue

The Hindu  

The Supreme Court on Thursday formed a five-member expert committee headed by former apex court judge, Justice Abhay Manohar Sapre, to investigate the causal factors and existence, if any, of regulatory failure which led to investors losing crores due to the volatility in the securities market following Hindenburg Research’s report accusing the Adani Group of manipulation of share prices and …

Supreme Court Market Investigation Court Indian Regulatory Securities