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Will the Adani Group face another investigation into stock price manipulation allegations by December 31, 2024?
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Supreme Court of India•Adani Group•Special Investigation Team•SIT•Central Bureau of Investigation•CBI•Hindenburg•Supreme Court
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Official announcements from the Supreme Court of India or relevant government bodies
Story
Supreme Court Dismisses Plea for Review of January 3 Adani-Hindenburg Verdict
Jul 15, 2024, 12:24 PM
The Supreme Court of India has dismissed a plea seeking a review of its January 3 verdict, which refused to transfer the probe into allegations of stock price manipulation by the Adani Group to a Special Investigation Team (SIT) or the Central Bureau of Investigation (CBI). The review petition had claimed there were mistakes and errors in the judgment. The court's decision means that the original ruling, which declined to set up a separate investigation into the allegations raised by the Hindenburg report, remains in effect. The Supreme Court found no error apparent in its judgment.
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