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SC refuses SIT probe against Adani group
Updated On: 04 January, 2024 07:18 AM IST | New Delhi | Agencies
The apex court noted that SEBI has completed 22 out of the 24 investigations into the stock price manipulation allegations levelled against Adani Group
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Supreme Court delivered its verdict on a batch of petitions on the Adani-Hindenburg row. File Pic
In a relief to the Adani Group, the Supreme Court on Wednesday refused to transfer the probe into the allegations of stock price manipulation by the Indian corporate giant to a special investigation team and directed market regulator SEBI to complete its probe into two pending cases within three months.
Holding that the court must refrain from substituting its own wisdom over the regulatory policies of the Securities and Exchange Board of India (SEBI), a bench headed by Chief Justice D Y Chandrachud said the facts of the case do not warrant a transfer of investigation from the SEBI.
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