SC Panel on Adani Issue

March 4, 2023

The Supreme Court recently formed a five-member expert committee to investigate the possibility of regulatory failure in the Hindenburg Adani saga.
The Supreme-Court formed a committee headed by former apex court judge, Justice Abhay Manohar Sapre to assess the regulatory framework.
The scope of the committee is to
- provide an overall assessment of the situation, including the relevant factors which led to the volatility in the securities market.
- suggest measures to strengthen Indian investor awareness.
- investigate any regulatory failure in dealing with the alleged breaking of rules by the Adani Group of companies.
- Suggest measures to strengthen the statutory and regulatory framework and secure compliance with the existing framework for the protection of investors.