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The Supreme Court has rescheduled the hearing for the Adani-Hindenburg case involving the status report provided by the Securities and Exchange Board of India (Sebi), the capital markets regulatory body, Business Today reported.
As reported by Business Today, the constitution bench led by the Chief Justice of India will persist in addressing petitions that contest the revocation of Article 370.
Sebi submitted a status report on August 25 concerning its inquiry into the accusations made by short-seller Hindenburg Research in its January report against the diversified conglomerate Adani, which is involved in port and energy operations.
As reported by PTI, Sebi informed to the apex court that it is currently awaiting data from five offshore tax havens to identify the true beneficiaries behind foreign investors engaged with the conglomerate.
The progress concerning the interim report hinges on the receipt of crucial information from international regulatory authorities. Sebi has indicated that it will conclude its measures once this significant foreign data is accessible.
Sebi was investigating claims brought forth by Hindenburg Research, a US-based entity, in January of the current year. These allegations implicated the Adani Group in activities like stock manipulation, deceptive transactions, and other financial improprieties.
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Updated: 29 Aug 2023, 12:19 PM IST
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