Adani-Hindenburg case: Supreme Court defers hearing in the case to August

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Today, the Supreme Court of India heard the Adani-Hindenburg case where Chief Justice of India DY Chandrachud asked SEBI (Securities and Exchange Board of India) regarding the status of the investigation. To this, the Solicitor General stated that SEBI has time till 14 August for completing the investigation. The bench hearing the matter today (July 11) deferred further hearing in the case to August. Earlier on March 2, an expert committee was constituted by the Supreme Court to investigate the matter. The expert committee has to work with the probe by SEBI which was to be completed in two months. Further, the SEBI asked for more time to complete the task; therefore, the Supreme Court gave them the time till August 14. On July 10, 2023, a 43-page affidavit was filed by SEBI at the Supreme Court that highlighted certain recommendations from the expert committee appointed by the top Court. During the Court proceedings today, the SC bench asked SEBI to submit a soft copy of the affidavit to petitioners and the court as well as told them to upload it on the record. After hearing the matter from both sides, the Supreme Court deferred the hearing of the Adani-Hindenburg case which means it allowed them to continue the probe till August 14, 2023.