Supreme Court refuses to interfere with SEBI probe into Adani Hindenburg case: 'No ground to transfer probe'

Listen to Story The Supreme Court on Wednesday refused to interfere with the SEBI probe into the Adani Hindenburg case. In its verdict, the Supreme Court held that there was 'no ground to transfer the investigation from SEBI to SIT (Special Investigation Team)'. The Supreme Court was hearing a batch of petitions on the Adani Hindenburg row over allegations of stock price manipulation by the Indian corporate giant.

A bench comprising Chief Justice DY Chandrachud and justices JB Pardiwala and Manoj Misra delivered the judgement on as many as four petitions. The judgment on the PILs, filed by lawyers Vishal Tiwari, ML Sharma and Congress leader Jaya Thakur, and Anamika Jaiswal, was reserved on November 24 last year.

The pleas claimed the allegations that the Adani Group, considered close to the Modi government, inflated its share prices and, after the report of the short seller Hindenburg Research, the share value of various group entities fell sharply..