Hindenburg Report Controversy: What measures can be taken?
The case involving the adani Group was heard by the supreme court on Friday. During this time, the top court questioned the central government about the steps it has taken to safeguard indian stock market investors' interests.
The Hindenburg Report's information about the adani Group's poor condition is the subject of two petitions that are the subject of this hearing. The stock market regulator SEBI has also been asked by the supreme court for recommendations on potential future investor protection measures. The case will now be heard by the supreme court on Monday. The central government must provide its response before to the next hearing.
Our only concern is the protection of the interest of indian investors
The stock market is driven by emotions, a bench consisting of Chief Justice DY Chandrachud, Justice PS Narasimha, and Justice jb Pardiwala stated during the hearing. We won't discuss its virtues here. Protecting the interests of indian investors is our primary priority.
The court also requested advice from Solicitor General Tushar Mehta, who was arguing on behalf of SEBI, after hearing the PILs of attorneys ML Sharma and vishal Tiwari. He asserted that they ought to offer solutions for protecting indian investors from the current spike in stock market volatility. The bench also recommended forming an expert group that may recommend a strong procedure to protect investment interests.
