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Finish Adani probe on time: SC to Sebi
Mint Mumbai
|July 12, 2023
The Supreme Court on Tuesday asked Securities and Exchange Board of India (Sebi) about the status of its ongoing investigation into the allegations of stock price manipulation by the Adani group and said the probe has to be concluded expeditiously by the extended time it has granted till 14 August.
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Solicitor general Tushar Mehta, appearing for the Sebi, told a bench headed by Chief Justice D.Y.Chandrachud that the apex court had given time till 14 August for the investigation and the work is going on with possible "legitimate speed". Mehta told the bench, also comprising Justices P.S. Narasimha and Manoj Misra, that the Sebi had on Monday filed their "constructive response" on the suggestions made by the top court-appointed expert committee in its report filed in the court.
Dit verhaal komt uit de July 12, 2023-editie van Mint Mumbai.
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