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Abstract:The Asia's One of the biggest richest Person and business Tycoon Gautam Adani Welcomed SC's order and tweeted " The Adani Group welcomes the order of the Hon'ble Supreme Court."
On March 2, Supreme Court of India has Passed order for investigation in Hindenburg-Adani Case. SC also instructed SEBI to continue their Investigation and submit the report about this matter within two months. SC formed six members committee to investigate this whole case. Former SC judge AM Sapre will lead the committee .The committee consists OP Bhatt, JP Devdatt, Nandan Nilakeni, KV Kamath, and Somasekharan Sundaresan as the members. DY Chandrachud, Chief Justice of India said “This court noted that there was a need for the committee for regulatory mechanisms to ensure the safety of investors”.
The Asia's One of the biggest richest Person and business Tycoon Gautam Adani Welcomed SC's order and tweeted “ The Adani Group welcomes the order of the Hon'ble Supreme Court. Truth will prevail”. We are sharing screenshot of that tweet with you. As You know, in the month of January, American Research Firm Hindenburg Alleged Adani's group to manipulate the Stocks. Hindenburg Published a report against Adani's group with the title “Know the man who rattled Asia's richest man and Indian stock market” This report got the world's attention and become the hottest topic in the world. Though Adani's group rejected all the allegations made by Hindenburg and responded in more than 400 pages . But the matter between Hindenburg and Adani did not resolved . Supreme Court received so many PIL's on this matter. Hence, Supreme court have to interfere and ordered for investigation.
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