SC to hear Adani-Hidenburg row
Advocate Vishal Tiwari recently filed a Public Interest Litigation to the Supreme court to take up the case of the Adani-Hidenburg row. The apex court has agreed and will hear the case on Feb 10, 2023. Vishal is a practising lawyer in the SC. The PIL requests the Chief Justice of India to handle the case. CJI Chandrachud along with other judges of SC PS Narasimha and JB Pardiwala will take up the case.
Hindenburg-Adani row
The Hindenburg Finance research company based in the US released an investigative report on the Adani group. According to the report, the Adani group is manipulating stocks holding fraudulent shell company operations. Following the report, the stock prices of the company fell. The company lost more than 127 crores of rupees.
Why is the SC Stepping in?
The Hidenburg-Adani row which has been in the news for quite some time now is putting India’s reputation at stake. Before the row, Gautham Adani was the second richest person in the world.
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Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs - 2024 • Legal & Constitution Current Affairs