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.
Another Supreme Court Judge, Justice Sanjay Kumar, recuses from hearing Vedanta fraud allegations PIL based on Viceroy Research Report, seeking SEBI and RBI probe into financial irregularities.
Supreme Court Justice K Vinod Chandran recuses from PIL seeking probe into Vedanta fraud allegations after Viceroy Research report, raising questions on corporate governance, SEBI, and shareholder rights.
A Supreme Court PIL seeks urgent investigation into explosive claims from a US short-seller’s report accusing Vedanta Group of large-scale fraud, manipulation, and regulatory violations. Petitioner alleges these actions could seriously harm Indian investors and minority shareholders.
Senior advocate Prashant Bhushan has accused ex-CJI Chandrachud of using his post-retirement influence to defend Vedanta, a firm under fire from US-based short-seller Viceroy Research. Bhushan also linked this to Chandrachud’s earlier clean chit to Adani in the Hindenburg controversy.
US-based short seller Viceroy Research disagrees with Ex-CJI Chandrachud’s legal opinion supporting Vedanta. Viceroy says his opinion failed to address financial misconduct and misrepresentation.
Former CJI D.Y. Chandrachud criticized Viceroy Research’s report on Vedanta, calling it unreliable and suggesting legal action. Vedanta says the report spreads false claims without contacting them.
In 2024, India’s Supreme Court dealt with numerous landmark rulings, focusing on personal liberty, places of worship disputes, and electoral reforms. Chief Justice Sanjiv Khanna emphasized efficiency, reforming case backlogs. Notable cases included prohibitions on religious site surveys, striking down electoral bonds, and addressing environmental pollution. The court’s decisions significantly influenced legal frameworks and societal issues.
The Supreme Court upheld its decision denying Vedanta’s petition to reopen its copper smelting plant in Thoothukudi, closed since May 2018 due to pollution and protests resulting in 13 deaths. The ruling emphasizes the court’s commitment to environmental protection and community health, reinforcing the need for sustainable industrial practices.
Today, On 30th September, the Karnataka High Court suspended the investigation of Finance Minister Nirmala Sitharaman related to the Electoral Bonds case, following a petition by BJP member Nalin Kumar Kateel. The complaint, filed by activist Adarsh R. Iyer, alleges extortion linked to electoral bonds, which has faced legal challenges.
