A Supreme Court PIL seeks urgent investigation into explosive claims from a US short-seller’s report accusing Vedanta Group of large-scale fraud, manipulation, and regulatory violations. Petitioner alleges these actions could seriously harm Indian investors and minority shareholders.
Senior advocate Prashant Bhushan has accused ex-CJI Chandrachud of using his post-retirement influence to defend Vedanta, a firm under fire from US-based short-seller Viceroy Research. Bhushan also linked this to Chandrachud’s earlier clean chit to Adani in the Hindenburg controversy.
US-based short seller Viceroy Research disagrees with Ex-CJI Chandrachud’s legal opinion supporting Vedanta. Viceroy says his opinion failed to address financial misconduct and misrepresentation.
Former CJI D.Y. Chandrachud criticized Viceroy Research’s report on Vedanta, calling it unreliable and suggesting legal action. Vedanta says the report spreads false claims without contacting them.
Former Chief Justice of India, D.Y. Chandrachud, emphasized the importance of literature in making the law more humane. He highlighted how legal texts often lack context and compassion, while literature provides deeper insights into moral and ethical dilemmas. He noted that understanding beyond statutes is crucial for addressing complex legal and social issues. Literature, he said, helps bridge the gap between law and society, ensuring laws evolve with changing times.
