- SC directs SEBI to complete its probe into two pending cases relating to allegations against the
Adani group within three months. - SC said facts of the case do not warrant the transfer of the probe into the matter to a Special Investigation Team (SIT) or other probe agency.
The apex court also said that the facts of the case do not warrant the transfer of the probe into the matter to a Special Investigation Team (SIT) or other probe agency.
The top court delivered its verdict on a batch of petitions on the
While pronouncing the verdict, the CJI said the power of the top court to enter the regulatory domain of the
The judgment on the PILs, filed by lawyers
The Adani Group stocks got bludgeoned on the bourses after Hindenburg Research made a litany of allegations, including those about fraudulent transactions and share-price manipulation, against the business conglomerate.
The Adani Group dismissed the charges as lies, saying it complies with all laws and disclosure requirements.