Sebi may get 3 more mths to wrap up probe

The Supreme Court said on Friday it may consider granting three more months to Sebi for concluding its probe into the allegations of stock price manipulation by the Adani group and lapses in regulatory disclosure, and listed a batch of PILs and plea by the market regulator on May 15.

A bench of Chief Justices DY Chandrachud and Justices PS Narasimha and JB Pardiwala said the court registry has received the report of the apex court-appointed Justice (retd) AM Sapre committee on the issue and would like to hear the matter on Monday after perusing the findings of the panel.

“We will go through the report in the meantime. We will take up the matter on May 15,” the bench said.