38.6c New Delhi, India, Tuesday, May 21, 2024
Judiciary

Would form panel on Hindenburg-Adani row: SC [Read Order]

By LawStreet News Network      19 February, 2023 12:35 AM      0 Comments
Would form panel on Hindenburg-Adani row: SC [Read Order]

NEW DELHI: The Supreme Court on Friday said it would select experts and maintain full transparency, in forming a committee to examine Hindenburg report, which resulted into massive loss to investors due to crashing of Adani group company share prices.

A bench of Chief Justice of India D Y Chandrachud and Justices P S Narasimha and J B Pardiwala did not accept a suggestion by Solicitor General Tushar Mehta to consider the name of experts on behalf of the Union government.

If the court were to take names suggested by the central government then it would amount to a government constituted committee, the bench said.

The bench said the court wanted full transparency for protection of interest of investors and it will form a committee so that there is a sense of confidence in the court.

Mehta, representing the Centre, submitted that there should be a holistic view and no unintended impact is caused in the security market.

The bench also clarified that it would not set up a committee under a sitting apex court judge to look into the Hindenburg report matter.

However, the court said it may set up a committee headed by a retired apex court judge.

“We want to ensure transparency. In case we take your suggestions from a sealed cover, it automatically means the other party won't know,” the bench said, reserving its order in the matter.

A batch of pleas were filed in the court in connection with the Hindenburg report controversy. Advocates Vishal Tiwari and Manohar Lal Sharma sought alleged conspiracy behind the US short seller firm's report. Congress leader Jaya Thakur sought probe into allegations made into the Hindenburg report against Adani group of companies.

[Read Order] 



Share this article:

User Avatar
About:


Leave a feedback about this
TRENDING NEWS

cannot-allow-the-game-of-hide-and-seek-for-committing-murder-of-an-unborn-child-mp-high-court
Trending Judiciary
Cannot Allow the Game of Hide and Seek for Committing Murder of an Unborn Child: MP High Court [Read Order]

MP High Court denies abortion for minor rape victim, condemns misuse of legal authority to terminate pregnancy and prevent justice.

20 May, 2024 03:52 PM
pune-porsche-hit-and-run-bail-granted-to-17-year-old-in-under-14-hours-asked-to-write-essay
Trending Judiciary
Pune Porsche Hit & Run: Bail Granted to 17 Year Old in Under 14 Hours, Asked to write essay

Bail granted to 17-year-old in Pune Porsche hit-and-run case within 14 hours. Conditions include educational tasks, supervision, and counseling. Incident killed two.

20 May, 2024 04:30 PM

TOP STORIES

sc-rebukes-ima-chief-rejects-apology-for-remarks
Trending Judiciary
SC rebukes IMA chief; rejects apology for remarks

SC rebukes IMA chief R V Asokan; rejects his apology for remarks against the court in contempt proceedings involving Baba Ramdev and Patanjali's MD Acharya Balkrishna.

15 May, 2024 11:02 AM
cant-allow-parole-for-having-procreation-with-live-in-partner-delhi-high-court
Trending Judiciary
Can't allow parole for having procreation with live-in partner: Delhi HC [Read Order]

Delhi HC denied parole for a convict seeking procreation with a live-in partner, stating it would set a harmful precedent, considering his legal marriage and children.

15 May, 2024 12:19 PM
sc-declares-arrest-of-newsclicks-editor-in-chief-prabir-purkayastha-as-invalid
Trending Judiciary
SC declares arrest of Newsclick's Editor-in-Chief Prabir Purkayastha as invalid

SC declares Newsclick Editor-in-chief Prabir Purkayastha's arrest invalid. He was detained in October 2023 under UAPA for alleged pro-China propaganda. SC orders release.

15 May, 2024 12:30 PM
sc-declines-to-entertain-plea-for-direction-to-ec-to-act-against-pm-bjp-leaders
Trending Judiciary
SC declines to entertain plea for direction to EC to act against PM, BJP leaders

SC rejects plea seeking Election Commission action against PM and BJP leaders for alleged hate speeches during elections.

15 May, 2024 12:55 PM

ADVERTISEMENT


Join Group

Signup for Our Newsletter

Get Exclusive access to members only content by email