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A bench of Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala is likely to deliver its verdict over setting up of a panel of domain experts for strengthening existing regulatory measures for stock markets.
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In a report titled ‘Modi govt allowed Adani coal deals it knew were ‘inappropriate’, Al Jazeera said the Indian government granted an extraordinary favour to Gautam Adani, boosting his coal business
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A report in the Daily Star, which is now being shared widely with Adani’s business dealing coming under global scrutiny, says nothing explains the-then Bangladesh government's rationale for signing the power purchase agreement for the deal two years later
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Recently, Adani Group stocks had taken a beating on the bourses after US-based short seller Hindenburg Research made a litany of allegations, including fraudulent transactions and share-price manipulation
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He also demanded that the Prime Minister prove his sincerity by conducting a probe into the stock market manipulation and fraud by the Adani group
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The deals lend credence to Hindenburg’s report on hidden leverage and accounting irregularities within the Adani Group
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"We will not accept the sealed cover suggestion by you because we want to maintain full transparency," the bench said
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Sources said that before the demonstration, the Opposition parties led by Congress will meet at 9.30 a.m. to finalise a strategy for the day in Parliament.
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BRS President and Chief Minister K Chandrasekhar Rao demanded for a discussion in the Parliament on the Adani row and also constitution of a Joint Parliamentary Committee to probe into the controversy
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The report published by the latter, ‘Adani Group: How The World’s 3rd Richest Man Is Pulling The Largest Con In Corporate History’
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With the Opposition refusing to relent, both the Houses were adjourned to meet on Monday
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While adjourning the house, Chairman Jagdeep Dhankhar said opposition members, who had trooped inside the well of the House, will be "dealt with"
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Earlier in the morning too, the Lower House could not transact any business owing to disruptions by the Opposition and was adjourned till 2 pm
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According to data on the SEBI website, one of the members on its 2017 Committee on Corporate Governance was corporate and project finance lawyer Cyril Shroff, also the managing partner of Cyril Amarchand Mangaldas.
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Both Houses of Parliament were adjourned on Thursday as the opposition demanded an investigation by the Joint Parliamentary Committee (JPC) on the new revelations.
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Leader of opposition Mallikarjun Kharge said, "We demand an investigation by the Joint Parliamentary Committee on the issue and will raise the demand inside Parliament.
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Stating that "Fraud cannot be obfuscated by nationalism" the Hidenburg Research hit out at the Adani Group claiming that the latter's "Bloated Response" ignored "every key allegation we raised."
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Cutting across party lines, politicians are demanding the BJP-led Centre to ensure a thorough probe into the allegations leveled against the Adani Group.
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The stock market has been quite volatile since Wednesday after a report published by a US short-seller firm, Hindenburg Research
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Adani Group said it was mulling legal options in the US and India against Hindenburg Research after its report accused firms owned by Gautam Adani of market manipulation and accounting fraud.