Requests to form a special investigation team (SIT) or to transfer the investigation into the allegations levelled by Hindenburg against the Adani Group to the Central Bureau of Investigation (CBI) were denied by a three-judge bench of the Adani Supreme Court sitting under Chief Justice D.Y. Chandrachud on January 3, 2024. SEBI, the Securities and Exchange Board of India, was the capital markets regulator in whom it had trust.

2. Requests to form a special investigation team (SIT) or to transfer the
investigation into the allegations levelled by Hindenburg against the Adani
Group to the Central Bureau of Investigation (CBI) were denied by a three-
judge bench of the Adani Supreme Court sitting under Chief Justice D.Y.
Chandrachud on January 3, 2024. SEBI, the Securities and Exchange Board of
India, was the capital markets regulator in whom it had trust. The last year
has been the most turbulent for the Adani Group.

3. Following intense investor scrutiny in 2022 due to the company's
strong stock performance, the Adani Supreme Court case has now
achieved a major turning point with the Supreme Court's ruling.

4. With two
investigations still
open, the Adani
Supreme Court has
granted SEBI three
months to wrap
things up.

5. Finally, the most recent Adani-Hindenburg case
decision from the Supreme Court has far-
reaching consequences for the project's
trajectory and more general debates about
social fairness, environmental preservation, and
sustainable development.