Brief by Shorts91 Newsdesk / 02:15pm on 24 Nov 2023,Friday Business
The Securities and Exchange Board of India (SEBI) told the Supreme Court it won't ask for more time to investigate the Adani-Hindenburg case. During Friday's hearing, a bench headed by Chief Justice DY Chandrachud reserved its order regarding pleas demanding a court-supervised probe after Sebi said 22 of 24 suspected transaction cases were closed. The CJI expressed dissatisfaction with petitioners casting aspersions on the impartiality of the court-appointed panel examining the matter. He also conveyed reservations about allegations against Sebi, saying "Is it proper for a court without material to say we don't trust Sebi?" Sebi's counsel shared most investigations except two awaiting foreign inputs were done. Earlier, contempt proceedings were sought against Sebi for not meeting deadlines.
