18 May,2023 08:30 AM IST | New Delhi | Agencies
Gautam Adani
The Supreme Court on Wednesday granted the Securities and Exchange Board of India (SEBI) time till August 14 to complete its probe into the allegations of stock price manipulation by the Adani group, led by Gautam Adani. A bench headed by Chief Justice D Y Chandrachud also directed the SEBI to file an updated status report on the investigation.
The bench, also comprising Justices P S Narasimha and J B Pardiwala, directed a copy of the report of the SC-appointed Justice A M Sapre committee, which was submitted to it recently, be made available to the parties to enable them to assist the top court in the matter. It has listed the matter for further hearing on July 11.
The remit of the Sapre panel was to provide an overall assessment of the situation, including the relevant causal factors which have led to volatility in the securities market in the recent past. The market regulator had sought an extension of six months to complete the probe.
ALSO READ
Ajit Pawar-led NCP to contest MLC election from Mumbai Teachers constituency
Karnataka results won't affect Lok Sabha, Maharashtra elections: CM Shinde
Mid-Day Top News: Maharashtra assembly polls likely only after Diwali and more
Congress: Centre insensitive to statehood restoration demand, will be poll issue
Raut defends Uddhav's push for decision on CM's face from MVA allies
The bench earlier in the day asked the Manipur government to file a fresh status report on measures taken for security and relief and rehabilitation of the violence-hit people. "Law and order is a state subject. As the Supreme Court of India we will ensure that the political executive does not turn a blind eye to the situation," it added.
The SC took into account security apprehensions of Kuki and other tribal communities in the state and ordered that the chief secretary and his security adviser assess and take steps to ensure "peace and tranquillity" in the villages referred to by tribals. It said that tribals can move the division bench of the Manipur High Court with their grievances on the quota issue.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
