New Delhi: The central government has agreed to form an expert committee in the Adani Group-Hindenburg matter during hearing in the case in the Supreme Court. The committee will see whether there is a need to change the regulatory mechanism of the stock market.
But the Centre stressed that the Supreme Court could choose the composition of experts committee from names suggested by the Centre.
SEBI competent to handle Hindenburg Report fallout
The Solicitor General (SG) Tushar Mehta, senior law officer appearing for the Government, told the Supreme Court that the SEBI is competent to handle the Hindenburg Report fallout. The Centre agreed before the Supreme Court that the SC may constitute a committee to protect investor interests and requested it to that the SC should consider the names/members for the committee, as suggested by it to deal with the issue.
The Supreme Court bench, headed by the Chief Justice of India (CJI) Dr Dhananjaya Yeshwant Chadrachud, asked the Centre to submit a note on the proposed terms of reference by Wednesday, and fixed the matter for further hearing on February 17, Friday.
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