The Supreme Court, while hearing the Adani vs. Hindenburg case on Thursday, directed SEBI to investigate whether there has been a violation of Section 19 of SEBI rules and whether there has been any manipulation of stock prices. The Supreme Court directed SEBI to conduct an investigation within 2 months and submit a status report.
The Supreme Court set up a six-member committee, headed by former apex court judge Justice AM Sapre, to deal with the issue of regulatory mechanisms to protect investors.
The Center's sealed cover proposal on a panel to improve stock market regulatory measures in the wake of the Adani-Hindenburg dispute was rejected by the Supreme Court of India. To ensure the openness of the process and protect Indian investors from volatility, the bench declined to accept the names in an envelope.