SEBI’s clean chit to Adani Group marks a landmark verdict dismissing Hindenburg allegations, as top lawyers praise the regulator’s decisive ruling, strengthening corporate credibility and investor confidence.
The Supreme Court upheld the rejection of Advocate Vishal Tiwari’s petition seeking a conclusive SEBI report on the Hindenburg-Adani case. The Court reiterated that third-party reports like Hindenburg’s cannot be considered conclusive evidence and dismissed the plea without imposing costs. This decision affirms SEBI’s investigatory authority over corporate governance issues in India.
