The Supreme Court refused to hear a PIL seeking a probe into Viceroy Research’s fraud allegations against Vedanta, with Solicitor General warning of foreign short-sellers misusing Indian courts. The petitioner later withdrew the case after the Bench showed disinclination.
Today, On 27th November, Gautam Adani and several executives from Adani Green faced allegations of securities law violations related to a bribery scheme in India. The U.S. SEC’s complaints and criminal indictments indicate serious legal challenges for the Adani Group, leading to significant financial losses and declines in stock prices for Adani Green.
