NEW DELHI, Feb. 15, 2023 (TBINN) Supreme Court today agreed to hear on February 17, 2023 a fresh plea of a Congress’ leader seeking investigation under the supervision of a sitting apex court judge against Adani Group of companies in light of the allegations made by the United States-based Hindenburg Research.
A bench comprising Chief Justice D.Y. Chandrachud and Justice P.S. Narasimha took note of the submissions of a lawyer, representing Congress leader Jaya Thakur, that the plea needed urgent hearing.
The bench initially agreed to list the P.I.L. for hearing on February 24, 2023 and later decided to hear on Friday after the lawyer pointed out that two other PILs are listed on February 17, 2023.
Jaya Thakur has also sought a direction for investigating the role of the Life Insurance Corporation of India and the State Bank of India in investing huge amounts of public money in Adani Enterprises. Yesterday Centre agreed to the apex court’s proposal to set up a panel of experts to look into strengthening the regulatory mechanisms for the stock market following the recent Adani Group shares crash triggered by Hindenburg Research’s fraud allegations.
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