Not investigating Adani group since 2016: Sebi
The Supreme Court adjourned to Tuesday the hearing on a plea of the Securities and Exchange Board of India (Sebi) seeking extension of six months to complete a probe into allegations of stock price manipulation by the Adani group.
image for illustrative purpose
New Delhi: The Supreme Court adjourned to Tuesday the hearing on a plea of the Securities and Exchange Board of India (Sebi) seeking extension of six months to complete a probe into allegations of stock price manipulation by the Adani group.
Further, Sebi on Monday informed the Supreme Court that it had not probed any Adani Group of companies since 2016 as alleged by some of the petitioners, who have sought a probe into the claims by the Hindenburg Research on the group.
The hearing on the market regulator’s plea and PILs could not take place on Monday due to paucity of time and on account of scheduled hearing of certain matters before a special bench at 3 pm.
A bench comprising Chief Justice DY Chandrachud and justices PS Narasimha and J B Pardiwala on May 12 had said it would consider granting three more months to SEBI.
