The Supreme Court dismissed SEBI’s appeal against the SAT ruling that cleared Mukesh Ambani of penalties for the 2007 Reliance Petroleum stock manipulation case, citing no question of law. However, the Court will hear SEBI’s appeal regarding SAT’s relief to RIL on December 2, 2023. Senior advocates represented both parties.
![[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.