The Supreme Court on Monday refused to take on record the suggestion of one of the petitioners and a report published by Forbes ina batch of PILs on the recent Adani group shares crash triggered by Hindenburg Research’s fraud allegations.
The report dealt with the offshore companies of Adani.
A bench comprising Chief Justice D.Y. Chandrachud and Justices P.S. Narasimha andJ.B. Pardiwala denied the request by the lawyer appearing for one of the petitioners.
“No no we will not take it on record,” the bench said.
The top court on February 17 had refused to accept in a sealed cover the Centre’s suggestion on a proposed panel of experts for strengthening regulatory measures for the stock market.
Observing that it wants to maintain full transparency inthe interests of investors, it said it would rather not accept the Centre’s suggestion in a sealed cover.
“We will not accept the sealed cover suggestion by you because we want to maintain full transparency,” the bench had said.
On February 10, the top court had said the interests of Indian investors need to be protected against market volatility in the backdrop of the Adani group stock rout and asked the Centre to consider setting up a panel of domain experts headed by a former judge to look into strengthening the regulatory mechanism.