The Supreme Court on Monday dismissed a plea seeking to review the verdict that had sought investigation by the market watchdog SEBI in the Adani-Hindenburg case. According to a Live Law report, the top court said that “there is no error apparent on the face of the record.” The petitioners were demanding a court-monitored probe by either CBI or the SIT in the matter. Supreme Court bench led by Chief Justice DY Chandrachud said that “pending applications, if any, stand disposed of.”
“Having perused the review petition, there is no error apparent on the face of the record. No case for review under Order XLVII Rule 1 of the Supreme Court Rules 2013. The review petition is, therefore, dismissed,” the bench comprising of CJI Chandrachud, Justice Manoj Misra and Justice JB Pardiwala said in its order of May 5.
Earlier this year on January 3, the apex court had refused to order an SIT or a CBI probe in the stock crash case. In its ruling, the top court had said market watchdog was carrying out a “comprehensive investigation” into the allegations. The court had also added that a SEBI probe into the matter “inspires confidence”.
Last year on January 24, Hindenburg Research released a report slamming the conglomerate ahead of the Adani Enterprises share sale. This triggered a $86 billion rout in Adani Group’s stocks and a massive sell-off in the overseas listed bonds.