The Supreme Court has adjourned the hearing on the Securities and Exchange Board of India (SEBI) plea seeking a six-month extension to conclude the investigation into the Hindenburg Research’s report. The court reiterated that it cannot provide an indefinite extension, as it has already granted five months for the probe.
SC Grants Three-Month Extension to SEBI, Sets Deadline for Updated Status Report
In a recent development, the Supreme Court has granted a three-month extension till August 14 to SEBI to complete its probe into the Hindenburg report against the Adani Group. The court has instructed SEBI to submit an updated status report on the investigation into the allegations of stock price manipulation by the Gautam Adani-led group.
SEBI’s Request for Six-Month Extension Denied
During the hearing, the Supreme Court hinted at granting a three-month extension to investigate the allegations of stock price manipulation by the Adani Group and regulatory lapses. However, SEBI had requested a six-month extension, which the court denied, citing the previously granted five-month period.
Stay Updated on the Adani-Hindenburg Row
Follow the latest news and updates on the Adani-Hindenburg row by tuning in to ABP News LIVE TV and visiting their website for more stories and trending topics. Stay informed about the ongoing investigation into the allegations of stock price manipulation and regulatory lapses involving the Adani Group.
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