Adani vs Hindenburg: Supreme Court orders probe, forms experts committee

Mangalore Today News Network

New Delhi, Mar 02, 2023: The Supreme Court on Thursday ordered a probe into the Adani-Hindenburg episode and set up an experts committee to be headed by its retired judge AM Sapre. It also sought a status report from SEBI on its ongoing investigation into the matter within two months. Other members of the panel include OP Bhat, JP Devdhar, KV Kamath, Nandan Nilakeni and advocate Somasekhar Sundaresan.

 

The Supreme Court committee will examine causal factors leading to the episode, suggest measures to strengthen investors’ awareness and investigate whether there was a regulatory failure. The panel will also suggest measures to strengthen the statutory and regulatory framework and secure compliance within the existing framework for the protection of investors.

Courtesy: Hindustan Times