No regulatory failure by SEBI in Adani-Hindenburg row, reliance on unverified press reports cannot stand: Supreme Court

Hence, it turned down the plea for a probe into the controversy by the Central Bureau of Investigation (CBI).
Adani, Hindenburg and Supreme Court
Adani, Hindenburg and Supreme Court

The Supreme Court on Wednesday refused to issue any directions or interfere with the jurisdiction of the Securities and Exchange Board of India (SEBI) in a batch of petitions seeking probe by some alternative agency into allegations of fraud against Adani Group of companies in the Hindenburg Research report.

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