SC forms Committee to Probe Adani-Hindengurg Controversy; Comt Headed by Ex-SC Judge

New Delhi: Supreme Court on Thursday constituted a committee headed by its retired judge Justice A.M. Sapre to probe into the Adani-Hindenburg controversy.

A SC bench headed by Chief Justice of India D.Y. Chandrachud gave this order on a batch of petitions filed in relation to the Adani-Hindenburg controversy.

The committee formed by the apex court has O.P. Bhat, Justice J.P. Devadhar (retired), K.V. Kamat, Nandan Nilekani, and Somasekhar Sundaresan as members. It will be headed by retired justice Abhay Manohar Sapre, former judge of the Supreme Court.

The committee will provide an overall assessment of the situation and the causal factors led to the volatility in the security markets. The committee will suggest measures to strengthen investors’ awareness and also investigate whether there has been regulatory failure in the alleged contravention of laws pertaining to the securities markets in connection with Adani group or other companies, the SC order added.