Claims that the Indian giant Adani manipulated stock prices are at the heart of the Hindenburg report Adani. On Wednesday, the Supreme Court granted SEBI three months to investigate the pending two cases out of twenty four cases.

1. ADANI GROUP GETS
CLEAN CHIT FROM SEBI
IN HINDENBURG CASE;
NO SIT PROBE OR
TRUTH HAS PREVAILED

2. Claimsthatthe Indiangiant Adani
manipulatedstockprices are at
theheartof the Hindenburgreport
Adani. On Wednesday,the
SupremeCourtgrantedSEBIthree
monthstoinvestigatethe pending
twocases outof twentyfour cases.

3. Supreme Court Upholds SEBI’s
Integrity Amidst Doubtful
Narratives
Casting doubt on the statutory
regulator (SEBI) via press pieces and
outside parties is discouraging.
However, the highest court in the land
ruled that there wasn’t enough proof
to question SEBI’s inquiry.

4. “Before concluding, public interest
jurisprudence was developed to
provide access to ordinary
citizens… petitions that lack
adequate research and rely on
unsubstantiated reports cannot
be accepted,” the court said.

5. The Supreme Court denied the
motion to transfer the
investigation to a Special
Investigation Team. The court
emphasized the need to use this
authority with appropriate and
rational justification, saying that it
should only be done in
exceptional cases.