New Delhi: The Supreme Court on Monday dismissed an application seeking the Securities and Exchange Board of India’s (SEBI) investigation report on the Hindenburg Research-Adani Group case.
A bench headed by Justice Pardiwala rejected the application filed by Advocate Vishal Tiwari challenging a prior order of the registrar passed on August 5, 2024, which had declined to register his application in the matter.
The application sought to compel SEBI to submit its conclusive investigation report on allegations made by the US-based short-seller Hindenburg Research against the Adani Group.
The Supreme Court upheld the registrar’s decision, effectively dismissing the lawyer’s plea. This marks another development in the ongoing scrutiny of the Hindenburg-Adani case, which has drawn significant public and regulatory attention.
The Top Court’s decision underscores its stance on procedural adherence and limits on intervention in matters involving pending investigations by regulatory bodies like SEBI.
UNI
