Adani-Hindenburg: SC orders setting up of panel headed by ex-judge AM Sapre

The Supreme Court on Thursday ordered setting up of a six- member committee headed by former apex court judge A M Sapre to look into various regulatory aspects for stock markets, including the recent Adani Group shares crash triggered by the Hindenburg Research's fraud allegations, PTI reported.

A bench of Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala said the panel will make an overall assessment of situation, suggest measures to make investors aware and strengthening of existing regulatory measures for stock markets.

The bench also directed the Centre, financial statutory bodies and the SEBI chairperson to render all cooperation to the panel which will have to submit its report within two months.

Meanwhile, stocks from the Adani group have seen sharp recovery for the last 2-days. Adani Enterprises was up, while Adani Green Energy and Adani Gas were locked at the upper end of the circuit filter. Stocks from the group have lost as much as 60% over the last 1-month.

With inputs from PTI