Adani-Hindenburg Case: Decision will come from Supreme Court today in Adani-Hindenburg case, know what was the whole matter

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Adani-Hindenburg Case: The country’s top court, the Supreme Court, can pronounce its verdict today in the Adani-Hindenburg case. According to media reports, the verdict in the case can be pronounced any time after 10.30 am. On November 24, 2023, the Supreme Court had reserved its decision in the case. However, the American has also declared the report of short seller firm Hindenburg as fake. Let us tell you that Hindenburg had accused the Adani Group of irregularities in a report released on January 24, 2023 last year. After this, Gautam Adani (Gautam Adani) there was a decline of about 30 percent in the total assets. In this case, the Supreme Court had given the responsibility of investigation to the Securities and Exchange Board of India (SEBI) on March 2, 2023. The Supreme Court had also constituted an expert committee of six members to investigate the entire matter. This committee was headed by former Justice AM Sapre.

What did the Supreme Court say in the last hearing

The Supreme Court said that there is no reason to doubt market regulator SEBI, which is investigating the allegations against Adani Group in the Hindenburg report. He said that there is no fact before him to distrust the market regulator’s investigation. Along with this, the top court said that it is considering the claims made in the Hindenburg Report as not being completely based on facts. The bench said that in the absence of any facts before it, it would not be appropriate to constitute a Special Investigation Team (SIT) at its own level. A bench headed by Chief Justice DY Chandrachud reserved its order after hearing the arguments of the parties related to the Adani-Hindenberg case. The court objected to SEBI being asked to investigate the Adani-Hindenburg case on the basis of some media reports. He said that he cannot ask a statutory regulator to accept anything published in the media as absolute truth.

Adani Group had rejected Hindenburg’s allegations

After the release of Hindenburg Research report, there has been a sharp decline in the shares of Adani Group companies. In the report, Adani Group has been accused of stock manipulation. However, the group has completely rejected these allegations. Due to this, he lost more than 30 percent of his total wealth. During this time, Reliance Industries chief Mukesh Ambani left him behind in terms of wealth.

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