Court probe of Adani short-seller saga tests India’s institutions
India’s top court and markets regulator are facing their biggest opportunity to show the country’s determination to police its most powerful companies as they investigate the bombshell allegations lobbed at the Adani Group by Hindenburg Research.
A six-member expert panel – set up at the Supreme Court’s direction on March 2 to look into any regulatory failures and suggest reforms for investor protection – has filed its report, Chief Justice of India D. Y. Chandrachud said on Friday. Justice Chandrachud said the judges had not read the panel’s report and the court will reconvene on Monday.
Bloomberg
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Equity markets
Fetching latest articles