Adani-Hindenburg case: CJI asks all parties to file final submissions by 8 Nov, report claims
livemint.comAdani Total has fallen 85% this year, reaches Hindenburg's target price Following this the CJI said that it would ask the registrar to check it and asked the lawyer to mention it tomorrow again and he will look into it. Earlier, market regulator SEBI filed a status report before the Supreme Court apprising it that out of 24 investigations arising out of the Hindenburg report, 22 are final in nature and 2 are interim in nature.
Adani-Hindenburg Case: Sebi requests OCCRP for documents, refused On March 2, the apex court directed the capital market regulator SEBI to investigate any violations of securities law by the Adani Group in the wake of the Hindenburg report, which led to a massive wipeout of more than 140 billion of the Adani Group's market value. Deloitte’s Adani Ports exit reveals a Hindenburg link Supreme Court had also set up an expert committee on the issue arising from the Hindenburg Research report on Adani Group companies.
The committee consisted of six members, headed by former apex court judge Justice AM Sapre. Adani Groups alleges Financial times of attempting to ‘financially destabilise’ the conglomerate The top court had then asked SEBI to file a status report within two months.
The apex court was hearing petitions pertaining to the Hindenburg report, including the constitution of a committee relating to regulatory mechanisms to protect investors' interests. Hindenburg 2.0: 5 key claims against Adani Hindenburg Research, a US-based short seller report in a January 24 report accused the conglomerate of accounting fraud and improper use of offshore tax havens for stock manipulation.Milestone Alert!
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