Hindenburg Case: Supreme Court Backs SEBI, Protects Investors

In a huge victory for the Adani Group, the Supreme Court on Wednesday said the report by the OCCRP - an organisation funded by billionaire George Soros, among others - can't be the basis for doubting the capital markets regulator SEBI's investigation into the Hindenburg case. Delivering the judgment, a Supreme Court bench of Chief Justice of India DY Chandrachud and justices JB Pardiwala and Manoj Misra said there were no grounds to transfer the probe to a special investigation team (SIT). The court also made several other key observations. Significantly, the court ruled that reliance on newspaper reports and third-party organisations to question the statutory regulator does not inspire confidence.  On Left Right and Centre we go through the judgement in the Supreme Court with some of the country's leading lawyers, ex-SEBI officials and market experts.

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