SC turns down plea on Adani-Hindenburg

New Delhi: The Supreme Court has upheld an order passed by the apex court registry in August 2024 refusing to admit a lawyer’s application seeking direction to Sebi to submit its conclusive probe report into the Adani-Hindenburg controversy. Advocate Vishal Tiwari had moved an appeal against the order passed by the Registrar on August 5 last year.

Earlier on July 15, 2024, the top court had dismissed a review petition filed against its earlier verdict refusing to form any SIT or group of experts to conduct an investigation. After perusing the review petition, a bench, headed by then CJI DY Chandrachud said that there was no error apparent on the face of the record.

“No case for review under Order XLVII Rule 1 of the Supreme Court Rules 2013. The review petition is, therefore, dismissed. Pending applications, if any, stand disposed of,” added the Bench, also comprising Justices JB Pardiwala and Manoj Misra.

Reports prepared by third-party organisations such as the OCCRP and Hindenburg Research can’t be regarded as ‘conclusive proof’, SC said.