Adani-Hindenburg Row | SC Requires ‘Strong Evidence’ for Probe Transfer, Declines Plea to Remove SEBI

The Supreme Court of India upheld SEBI’s investigation into Hindenburg’s allegations against the Adani Group, affirming its integrity and scope. The court, led by Chief Justice D.Y. Chandrachud, rejected a plea to exclude SEBI from the probe into alleged share price manipulation and financial irregularities.