New Delhi, July 15 (Udaipur Kiran) – The Supreme Court has dismissed a review petition challenging its decision in the Adani-Hindenburg case. The court found no error in its January 3 order and rejected the petition.
On January 3, the Supreme Court had dismissed the demand for an SIT or CBI investigation into the Adani-Hindenburg case. The court stated there was no reason to doubt the SEBI investigation and that the court cannot interfere with the workings of the regulatory body SEBI. The court had directed SEBI to complete the investigation into the remaining two matters within three months.
The court emphasized that it could not rely on a third-party investigation without verification. The court urged the central government to consider the committee’s suggestions for protecting Indian investors’ interests. Additionally, the court instructed the central government and SEBI to investigate the allegations of short selling in the Hindenburg report to determine if any laws were violated.
The court clarified that investigative news reports or reports from organizations cannot be considered reliable evidence for SEBI. The court reiterated that public interest litigation (PIL) was designed to address common citizens’ issues and should not be based on unreliable information.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.