Supreme Court to announce verdict on Adani-Hindenburg row related pleas

The Supreme Court will pronounce its verdict on Wednesday on a batch of petitions on the Adani-Hindenburg row over allegations of stock price manipulation by the Indian corporate giant.

 

A bench headed by Chief Justice D Y Chandrachud had on November 24 reserved its verdict on the pleas.

 

The top court, while reserving the verdict, had said it had no reason to "discredit" SEBI, the stock market regulator, which probed the allegations against the Adani group. The court said there was no material before it to doubt what the market regulator had done.

 

The bench had said it does not have to treat what was set out in the Hindenburg report as a "true state of affairs".