SC Agrees To Hear Plea Seeking Probe Over Adani Row On Friday

The Supreme Court (SC) has agreed to hear a plea seeking a direction to the Centre to constitute a committee monitored by a retired apex court judge to inquire and investigate the Hindenburg Research report which has made a slew of allegations against the business-conglomerate led by industrialist Gautam Adani on Friday.

Advocate Vishal Tiwari, who has filed the petition, mentioned the matter for urgent listing before a bench headed by Chief Justice D Y Chandrachud on Thursday.

He told the bench, also comprising Justices P S Narasimha and J B Pardiwala, that a separate plea filed on the issue is scheduled to be listed for hearing on February 10. Moreover, the advocate has urged the bench that his plea be also heard on Friday along with the separate plea.

In his public interest litigation (PIL), he has also sought directions to set up a special committee to oversee the sanction policy for loans of over Rs 500 crore given to big corporate.

Last week, another PIL was filed in the apex court by advocate M L Sharma seeking prosecution of short seller Nathan Anderson of US-based firm Hindenburg Research and his associates in India and the US for allegedly exploiting innocent investors and the “artificial crashing” of Adani Group’s stock value in the market.

The Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations, including fraudulent transactions and share-price manipulation, against the business conglomerate. Moreover, Adani Group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.

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PM Modi Retorts to Cong. leader Gandhi

On Wednesday, a ruckus broke out in both houses of parliament regarding the Adani-Hindenburg matter.

PM Modi targeted Congress leader Rahul without taking his name and said, “Yesterday some people were jumping, some people were speaking and the whole ecosystem was jumping. He must have had a good sleep yesterday and might not have been able to wake up today.”

Cong leader Rahul Gandhi slams Govt. and Adani

Earlier, the Congress leader accused the prime minister, Narendra Modi of helping Gautam Adani’s business empire across sectors, prompting emphatic rebuttals from the ruling BJP, which called his allegations wild and reckless.