A bench headed by Chief Justice D Y Chandrachud also directed the SEBI to file an updated status report on the investigation
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.
ADVERTISEMENT
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.
On Manipur unrest
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
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
