Adani-Hindenburg case: Review plea filed in apex court

A review petition has been filed in the Supreme Court, demanding a reconsideration of the apex court's January 3 verdict that refused to order a separate probe into the allegations of accounting fraud and stock manipulation against the Adani Group, first aired in a report by US short-seller Hindenburg Research in January 2023.

- Utkarsh Anand

The petition, filed by Anamika Jaiswal, said that the court judgment suffered from errors apparent on the face of record and that the Securities and Exchange Board of India's (Sebi) regulatory failures were overlooked by the top court although these lapses eventually contributed to alleged regulatory contraventions and statutory violations.

It further said that the court could not have given a thumbs up to the market regulator in investigating the episode without acknowledging the probe's outcomes.