Adani-Hindenburg case: SEBI gets three months to complete probe

The Supreme Court on Wednesday granted three more months to capital market regulator SEBI to conduct investigation in the Adani-Hindenburg case. The extension, till August 14, is half of what SEBI had sought. 

The top court bench, comprising Chief Justice of India (CJI) DY Chandrachud and Justices PS Narsimha and JB Pardiwala, will hear the next batch of pleas on July 11.

SEBI's ongoing investigation comes after US-based Hindenburg Research in January raised several governance concerns around the Adani group, and alleged improper use of tax havens and stock manipulation by the ports-to-energy conglomerate. The Adani group has denied all the allegations.

SEBI told the apex court this week that any premature conclusion of its investigation into the Adani group's possible lapses of regulatory disclosures will be "legally untenable" and not "serve the ends of justice". 

Read More: Adani-Hindenburg case: Sebi seeks more time for probe, says arriving at conclusion prematurely won't do justice

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