Agriculture and Business

Adani-Hindenburg dispute: Suco to hear PIL on February 17

New Delhi. The Supreme Court (SUCO) on Wednesday agreed to hear on February 17 a Congress leader's plea against Adani group companies in the wake of allegations leveled by US-based Hindenburg Research. The petition has sought a probe under the supervision of a sitting judge of the apex court.
Chief Justice D.Y. Chandrachud and Justice P.S. Narasimha took note of the submissions of the counsel appearing for Congress leader Jaya Thakur that the petition required urgent hearing. The bench had initially agreed to list the petition for hearing on February 24, but later when the counsel pointed out that there were two other PILs listed on February 17, the court listed this too for February 17.
Jaya Thakur's petition has also sought directions to investigate the role of Life Insurance Corporation of India (LIC) and State Bank of India (SBI) in investing huge amounts of public money in Adani ventures.
The Center on Monday agreed to the apex court's proposal to set up a committee of experts to strengthen the regulatory mechanism for the stock market after Adani Group shares fell recently on allegations of fraud by Hindenburg Research. . The top court is hearing two more petitions against the Adani group.

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