Supreme Court Gives SEBI The Clean Sheet In The Hindenburg Case To Gautam Adani
Adani-Hindenburg Dispute: After The Supreme Court’s Ruling In The Hindenburg Case, Billionaire Gautam Adani Declared That “The Truth Has Prevailed.”
His Remarks Were Made Shortly After The Securities And Exchange Board Of India (SEBI) Had Given The Adani Group The All-Clear Regarding Accusations Made By US-Based Short Seller Hindenburg Research, Following The Supreme Court’s Ruling.
Gautam Adani On The Ruling Of The Supreme Court
Adani Stated In A Post On X That “The Ruling By The Honorable Supreme Court Demonstrates That: Truth Has Triumphed. Jayate Satyameva. I’m Appreciative Of Everyone That Supported Us. We Shall Keep Making Our Modest Contribution To India’s Remarkable Progress. Jai Hind.
Supreme Court On Adani-Hindenburg Row
In Response To Accusations That The Indian Corporate Behemoth, Adani-Hindenburg, Had Manipulated Stock Prices, The Supreme Court On Wednesday Gave SEBI Three Months To Look Into Two Of The Four Cases On The Batch Of Petitions.
Chief Justice D Y Chandrachud, Justices J B Pardiwala And Manoj Misra, And Other Members Of The Bench Declared That They Could Not Control SEBI’s Investigative Authority. The Apex Court Further Declared That There Hasn’t Been Any Hard Evidence Shown Against Gautam Adani Up To This Point. In Twenty-Two Of The Twenty-Four Cases Involving Accusations Against The Adani Group, SEBI Has Concluded Its Investigation.
The Highest Court Further Declared That The Investigation Into The Case Should Not Be Transferred To A Special Investigation Team (SIT) Or Any Other Investigative Body Due To The Circumstances Surrounding It.
