SC agrees to listen to Friday plea in search of probe into Hindenburg Research report on Adani companies
3 min readBy PTI
NEW DELHI: The Supreme Court has agreed to listen to on Friday a plea in search of a path to the Centre to represent a committee monitored by a retired apex courtroom decide to inquire and examine into the Hindenburg Research report which has made a slew of allegations in opposition to the enterprise conglomerate led by industrialist Gautam Adani.
Advocate Vishal Tiwari, who has filed the petition, talked about the matter for pressing itemizing earlier than a bench headed by Chief Justice D Y Chandrachud on Thursday.
Tiwari advised the bench, additionally comprising Justices P S Narasimha and J B Pardiwala, {that a} separate plea filed on the difficulty is scheduled to be listed for listening to on February 10. He urged the bench that his plea be additionally heard on Friday together with the separate plea.
In his public curiosity litigation (PIL), Tiwari has additionally sought instructions to arrange a particular committee to supervise the sanction coverage for loans of over Rs 500 crore given to large corporates.
Last week, one other PIL was filed within the apex courtroom by advocate M L Sharma in search of prosecution of quick vendor Nathan Anderson of US-based agency Hindenburg Research and his associates in India and the US for allegedly exploiting harmless traders and the “artificial crashing” of Adani Group’s inventory worth out there.
The Adani Group shares have taken a beating on the bourses after Hindenburg Research made a litany of allegations, together with fraudulent transactions and share-price manipulation, in opposition to the enterprise conglomerate.
The Adani Group has dismissed the costs as lies, saying it complies with all legal guidelines and disclosure necessities.
NEW DELHI: The Supreme Court has agreed to listen to on Friday a plea in search of a path to the Centre to represent a committee monitored by a retired apex courtroom decide to inquire and examine into the Hindenburg Research report which has made a slew of allegations in opposition to the enterprise conglomerate led by industrialist Gautam Adani.
Advocate Vishal Tiwari, who has filed the petition, talked about the matter for pressing itemizing earlier than a bench headed by Chief Justice D Y Chandrachud on Thursday.
Tiwari advised the bench, additionally comprising Justices P S Narasimha and J B Pardiwala, {that a} separate plea filed on the difficulty is scheduled to be listed for listening to on February 10. He urged the bench that his plea be additionally heard on Friday together with the separate plea.
In his public curiosity litigation (PIL), Tiwari has additionally sought instructions to arrange a particular committee to supervise the sanction coverage for loans of over Rs 500 crore given to large corporates.
Last week, one other PIL was filed within the apex courtroom by advocate M L Sharma in search of prosecution of quick vendor Nathan Anderson of US-based agency Hindenburg Research and his associates in India and the US for allegedly exploiting harmless traders and the “artificial crashing” of Adani Group’s inventory worth out there.
The Adani Group shares have taken a beating on the bourses after Hindenburg Research made a litany of allegations, together with fraudulent transactions and share-price manipulation, in opposition to the enterprise conglomerate.
The Adani Group has dismissed the costs as lies, saying it complies with all legal guidelines and disclosure necessities.
