New Delhi: In the Adani-Hindenburg case, the Supreme Court has decided to form a committee. The Supreme Court has reserved its decision on the issue related to the appointment of the committee. The court said that it will issue an order in this matter, in which information about the committee will be given. The top court said the committee will work on how to strengthen the security regulator to protect the interests of common investors in such cases.
Chief Justice Chandrachud said – We want to ensure complete transparency in this matter
We want to ensure transparency in this matter. During the hearing on the Adani-Hindenburg dispute issue, the Supreme Court has reserved its order on the issue related to the appointment of the committee. During the hearing, a bench headed by CJI DY Chandrachud said that they will not accept the suggestion made by the Center in a sealed cover as they (Supreme Court) want to maintain complete transparency in the matter.
The Solicitor General kept his side and said – We want the truth to come out but it should not affect the market
The Supreme Court heard the Adani-Hindenburg case on Friday (February 17). During this, the Solicitor General, appearing for SEBI, submitted suggestions to the judges on the names of the members of the committee and its authority. Solicitor General said that we want the truth to come out in this matter but it should not affect the market. The court should take a decision on handing over the responsibility of monitoring to a former judge. On this, the CJI said that if the names you have given are not given to the other party, then there will be no transparency. We want complete transparency in this matter, therefore, we will form a committee from our side. He said that we are keeping the order safe.
Advocate Vishal Tiwari said – companies show higher prices for loans, this should also be investigated
Earlier during the hearing, advocate Vishal Tiwari said that corporates take loans by showing higher prices of their shares, this should also be investigated. On the other hand, it was said on behalf of advocate ML Sharma that short selling should also be investigated. On this the CJI asked that you have filed a petition, so tell me what does the short seller do?
On February 10, the court had said – it is necessary to protect the interests of the investors.
Earlier, on February 10, the apex court had said that there was a need to protect the interest of Indian investors from market volatility in the backdrop of a fall in Adani Group shares.
