'Truth will prevail': Adani welcomes SC order on Hindenburg case
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Billionaire Gautam Adani welcomed the Supreme Court's order on the Adani Group-Hindenburg Research case on Thursday. Notably, the apex court has ordered the setting up of a committee to examine whether the conglomerate violated market norms or the stock prices were manipulated. Asserting the top court's decision "will bring finality in a time-bound manner," Adani tweeted, "Truth will prevail."
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Here's the Twitter post of Gautam Adani
The Adani Group welcomes the order of the Hon'ble Supreme Court. It will bring finality in a time bound manner. Truth will prevail.— Gautam Adani (@gautam_adani) March 2, 2023
SEBI investigation
SC directed SEBI to complete investigation in 2 months
Meanwhile, earlier on Thursday, Chief Justice of India (CJI) DY Chandrachud also directed the Securities and Exchange Board of India (SEBI) to complete the investigation launched by it following the Hindenburg report in two months and submit a status report. Meanwhile, the six-member probe panel, headed by retired judge Abhay Manohar Sapre, will investigate the row and suggest measures to strengthen the legal framework.