New Delhi: 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 has 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”.
While asking the Securities and Exchange Board of India (SEBI) what it intends to do in future to ensure investors don’t loose wealth due to volatility in stock market or short-selling, the apex court had observed it would not be proper for it to set up a special investigation team (SIT) on its own without any material before it.

Press Trust of India