Adani-Hindenburg case: SC to deliver verdict over pleas seeking probe on Jan 3
Tuesday, 2 January 2024 The top court, while reserving the verdict, had said it has no reason to "discredit" SEBI, the stock market regulator, which probed the allegations against the Adani group. The court said there was no material before it to doubt what the market regulator had done.
The Supreme Court is set to deliver its verdict on a series of petitions requesting a court-monitored investigation into the accusations made by US-based short-selling firm Hindenburg Research against the Adani Group on Wednesday. The court had reserved its judgement in November of the previous year....
In Gujarat's Khavda region, the Adani Group has built the world's largest renewable energy park, harnessing India's abundant solar potential. Despite challenges like sandstorms and water scarcity, the park aims to generate 81 billion units of electricity, enough to power entire nations. This transformative project symbolizes India's commitment to sustainable development and renewable energy innovation.
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The Supreme Court ruled against an SIT, upholding Sebi's ongoing investigations into Adani Group in three months. It dismissed transfer requests, endorsed FPI and LoDR norms, and rejected conflict..