"Your Imagination": Supreme Court on Petitioner's Claim In Hindenburg Row
NDTV
The government's top lawyer Tushar Mehta, appearing for SEBI, said the regulator has time till August 14 to give its report.
The Supreme Court today dismissed claims by a petitioner in the Hindenburg row that agencies are not cooperating with the expert committee that is looking into the matter.
The petitioner's lawyer, Prashant Bhushan, told Chief Justice of India DY Chandrachud that agencies are not cooperating with the Supreme Court-appointed expert committee that is examining India's regulatory mechanism in an investigation linked to US short-seller Hindenburg Research's allegations against the Adani Group.
"The report does not say so. It is your imagination," Chief Justice Chandrachud said, referring to the report filed by the expert panel in May that clearly concluded there was no regulatory failure on the part of the capital markets regulator Securities and Exchange Board of India (SEBI).
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Adani Group has asserted that these were mere allegations and must be seen only as that. It also said it would explore a legal course of action.
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