Supreme Court verdict on Adani Group-Hindenburg case tomorrow

New Delhi: The Supreme Court will on Wednesday deliver its judgment on a bundle of petitions, demanding investigation into allegations of accounting fraud and stock manipulation against Adani group companies, published in a research report by US short-seller Hindenburg Research in January 2023.

The SC on March 2, 2023, set up a six-member panel, led by retired Supreme Court judge AM Sapre, to look into regulatory failure by Sebi and alleged breach of laws by the Adani group.(HT Photo/ Sonu Mehta)

A bench comprising Chief Justice of India Dhananjaya Y Chandrachud and justices JB Pardiwala and Manoj Misra will also rule on the steps that the Securities and Exchange Board of India (Sebi) ought to take to protect investors by keeping extreme market volatility in check and the tightening of pertinent regulations. According to the list of business published on the court website, the CJI will pronounce the judgment in the case that was reserved on November 24 after conclusion of the arguments.