Adani-Hindenburg Row: Supreme Court will form its own committee on Hindenburg

The Supreme Court on Friday reserved its order on the Adani-Hindenburg dispute. CJI DY Chandrachud said he would not accept the sealed cover suggestion by the Center as the Supreme Court wanted to maintain complete transparency. However, the Supreme Court said that it would form a committee to investigate the Adani-Hindenburg matter and suggest ways to improve the functioning of the stock market.

The CJI said that the Supreme Court would not consider the names suggested by the government or any of the petitioners. He will form a committee on his behalf.

According to India Today's sources, the names for the panel will be submitted to the Supreme Court in a sealed cover. Sources said the names shortlisted by the Center include domain experts from various fields. The names have reportedly been selected by the government keeping in mind the court's concern over the protection of investors.

A PIL sought a direction to the Center to set up a committee under the supervision of a retired apex court judge to probe the Hindenburg Research report. While the second petition sought prosecution of short-seller Nathan Anderson of Hindenburg Research and his associates in India and the US. The petition was filed for allegedly exploiting innocent investors and causing an "artificial crash" of Adani Group's share price in the market.