Supreme Court To Hear Petitions On Adani-Hindenburg Report On Monday

New Delhi: The Supreme Court will on Monday hear petitions seeking a probe into the Hindenburg report on the Adani Group.

In a scathing report, the US-based short-seller accused the Gautam Adani-headed conglomerate of stock manipulation, accounting fraud and other irregularities.

The Supreme Court also suggested that a panel for regulatory framework be set up.

Also Read: Adani Group Hires Leading US Law Firm To Fight Hindenburg: Report

Adani Group dismissed all allegations in a 413-page detailed response, but the Hindenburg report still triggered panic selling, leading to a massive erosion in share prices of Adani Group’s listed companies in the last fortnight.

Hindenburg report had political ramifications, too, with Opposition parties demanding a Joint Parliamentary Committee (JPC) investigation into the allegations made against Adani.