New Delhi: Amid the ongoing row over the Hindenburg report on the Adani group, the Supreme Court on Friday said that it will not accept the sealed cover suggestion by the Centre on the appointment of the committee related to regulatory mechanism to protect investors.
The apex court heard various petitions related to the Hindenburg report. A bench led by Chief Justice of India DY Chandrachud reserved the order on the issue and the other issue of the appointment of the committee to oversee regulatory mechanisms related to the market.
During the hearing in the matter, the court said that “If they accept suggestions in sealed cover it is like they have not kept it away from the other side as people will think it is a government-appointed committee.”
SG Mehta Tushar Mehta, appearing for Centre, submitted a sealed cover note and said, “Two intentions should be kept in mind, one is that truth comes out and a holistic view is presented and other one is there is an unintended impact on the markets.”
Petitioner and lawyer Advocate Vishal Tiwari demanded that the entire thing should be probed and a high-powered committee be constituted to look into it.
Another petitioner lawyer Prashant Bhushan said he wants to give suggestions on the names of some retired judges as members of the committee. But the Supreme Court refused to accept one of the petitioner lawyer Prashant Bhushan’s suggestion of names of some retired judges as members of the committee.
(With Agency Inputs)
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