The Supreme Court of India on Wednesday extended the time for the Securities and Exchange Board of India (SEBI) till August 14, 2023 to conclude its investigation into claims of stock price manipulation made against Adani Group firms by US-based short seller firm Hindenburg Research.

DY Chandrachud, the Chief Justice of India, Justice PS Narasimha, and Justice JB Pardiwala made the ruling in response to a request by the SEBI for additional six months to conclude the investigation. The two months that were initially permitted by the supreme court as per its judgement from March 2 came to an end on May 2.