March 2, 2023
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In this episode of Beyond The Headlines, the host Tamanna Inamdar will discuss how following Hindenburg Research's report accusing the Adani Group of manipulating share prices and account fraud, the Supreme Court on Thursday established an expert committee headed by former chief justice Justice Abhay Manohar Sapre to investigate the causal factors and existence, if any, of regulatory failure that led to investors losing crores due to the volatility in the securities market.The bench has, however, held off on making a decision regarding the make-up and purview of a committee. The committee will be in charge of investigating the Adani-Hindenburg incident, which caused a sharp decline in the conglomerate's stock value following the publication of the report. The Gautam Adani-led group refuted all allegations of stock manipulation and fraud raised in the research. The Supreme Court was asked to receive the expert committee's report swiftly and within two months. A few panelists joins us to discuss this issue. “In my view, refined findings will come out which will lead to more reforms to strengthen the regulatory mechanism, says Advocate Vishal Tiwari, Petitioner.
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#supremecourt #adanihindenburg #gautamadani #stockmanipulation #fraud #cjidychandrachud #justicemanoharsapre #committee #mirrornowshow #beyondtheheadline
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