SEBI has ruled that Adani Group did not violate listing or related party rules, dismissing Hindenburg’s allegations. Gautam Adani hailed the verdict, calling the claims “baseless” and reaffirming his commitment to nation building.
Senior lawyer Mukul Rohatgi called Hindenburg Research a “dubious organisation” after its sudden announcement to shut down, sparking speculation of an attempt to avoid joint investigations by India and the US. Rohatgi criticized Hindenburg for destabilizing markets and targeting India’s economy, labeling its actions as a “shoot and scoot policy.” Adani Group Chairman Gautam Adani also dismissed their allegations as baseless, emphasizing the group’s resilience against such attacks.
![[Adani-Hindenburg Row] New Plea in SC Demanding Disclosure of Sebi's Final Findings in Adani's Case](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/08/image-183.png?resize=447%2C367&ssl=1)
Advocate Vishal Tiwari, who petitioned today in the Supreme Court regarding the Adani-Hindenburg issue, plans to submit a plea urging the court to compel Sebi to release its final report. This comes after Hindenburg Research raised concerns about Sebi’s chairperson and a delay in disclosing investigation findings. The SC had upheld Sebi’s investigation previously.
![[Stock Market Crash] Plea Seeks Probe by Centre and Sebi: SC](https://i0.wp.com/lawchakra.in/wp-content/uploads/2024/06/MicrosoftTeams-image-57.png?resize=447%2C367&ssl=1)
An application has been filed in the Adani-Sebi investigation case, urging the Supreme Court to direct the Government and Sebi to submit a comprehensive report on the share market crash and investor losses after the Lok Sabha 2024 results. The plea emphasizes the need for transparency, regulatory efficiency, and restoring investor confidence amidst market irregularities.
The Supreme Court of India has reserved its verdict in the high-profile case involving allegations by US-based short-selling firm Hindenburg Research against the Adani group of companies. The allegations, which accused Adani of stock market regulation violations, led to a significant drop in the group’s share value. The bench, led by Chief Justice of India […]