NEW DELHI: The Supreme Court on Friday said it would not injunct media from publishing news reports on US short seller firm Hindenburg's report on Adani group.
The court rejected plea to gag the media till it pronounced its order on constitution of a committee to examine the matter.
Advocate M L Sharma, who filed the PIL in the matter alleging conspiracy behind the Hindenburg report, mentioned the application before a bench of Chief Justice of India D Y Chandrachud and Justices P S Narasimha and J B Pardiwala.
He said everyday, the media was publishing news reports despite the fact that the matter was pending before the court.
We are not going to issue any injunction to the media ever. We will pronounce orders shortly, the bench told the advocate-petitioner.
Sharma insisted that the media was creating a sensation.
To this, the bench told the petitioner to "make a reasonable argument, not for an injunction on the media".
In his plea, Sharma said media continued to publish news reports, affecting the Indian share market and creating panic amongst the investors.
On February 17, the court had said it would not accept sealed cover names of experts suggested by the Centre for inclusion on the committee to be set up to examine Hindenburg report, which resulted in crashing of Adani group company share prices and caused massive loss to investors.
The court said it would form a committee of experts to look into the matter.
