Supreme Court grants SEBI 3 months for pending probes in Adani-Hindenburg case verdict

In a significant ruling on Wednesday, 4 January 2023, the Supreme Court declared that there are no grounds to transfer the investigation of the Adani group of companies, as detailed in the Hindenburg report, away from the jurisdiction of the market regulator. The apex court granted a three-month window to the Securities and Exchange Board of India (SEBI) to conclude its ongoing inquiry into two pending matters related to the Adani group.