Solicitor General Tushar Mehta, who appeared for Sebi, told the apex court that 22 of the 24 cases related to the Hindenburg matter were already resolved.
For the remaining two cases, they are awaiting a response from foreign regulators, he added.
Reserving its verdict on the pleas pertaining to the Adani-Hindenburg issue, the Supreme Court on Friday said there were no reasons to doubt or discredit Sebi's probe into the allegations, including that of stock price manipulation, against the Adani Group. Further, the apex court added that it does not have to treat Hindenburg Research's report as a "true state of affairs".
The court also said it would not be proper for it to set up a special investigation team (SIT) for further probes as it does not have any material before it.
A bench of the apex court - comprising Chief Justice of India DY Chandrachud, Justices JB Pardiwala and Manoj Misra also stated that Sebi must complete the probe in all 24 cases.
Denne historien er fra November 25, 2023-utgaven av Financial Express Mumbai.
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Denne historien er fra November 25, 2023-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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