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Why the latest Supreme Court verdict matters in Adani-Hindenburg case

Requests to form a special investigation team (SIT) or to transfer the investigation into the allegations levelled by Hindenburg against the Adani Group to the Central Bureau of Investigation (CBI) were denied by a three-judge bench of the Adani Supreme Court sitting under Chief Justice D.Y. Chandrachud on January 3, 2024. SEBI, the Securities and Exchange Board of India, was the capital markets regulator in whom it had trust.

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Why the latest Supreme Court verdict matters in Adani-Hindenburg case

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  1. Why the latest Supreme Court verdict matters in Adani-Hindenburg case?

  2. Requests to form a special investigation team (SIT) or to transfer the investigation into the allegations levelled by Hindenburg against the Adani Group to the Central Bureau of Investigation (CBI) were denied by a three-judge bench of the Adani Supreme Court sitting under Chief Justice D.Y. Chandrachud on January 3, 2024. SEBI, the Securities and Exchange Board of India, was the capital markets regulator in whom it had trust. The last year has been the most turbulent for the Adani Group.

  3. Following intense investor scrutiny in 2022 due to the company's strong stock performance, the Adani Supreme Court case has now achieved a major turning point with the Supreme Court's ruling.

  4. With two investigations still open, the Adani Supreme Court has granted SEBI three months to wrap things up.

  5. Finally, the most recent Adani-Hindenburg case decision from the Supreme Court has far-reaching consequences for the project's trajectory and more general debates about social fairness, environmental preservation, and sustainable development.

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