Adani Row: Supreme Court Suggests Expert Panel On Protecting Investors
NDTV
The Supreme Court said it did not seek to "cast aspersions on any regulatory framework" or "get into policy matters" but wanted to ensure Indian investors are protected.
The Supreme Court on Friday suggested the formation of a panel of experts, including a judge, to examine the fallout of the fraud allegations against the Adani Group, which have wiped out crores in investor wealth and triggered fierce attacks on the government by the opposition.
Hearing a petition that called for the Supreme Court's intervention in the row, Chief Justice DY Chandrachud observed, "Do we intervene and have a mechanism to ensure this doesn't happen again? We do not want to get into policy matters. That is for the government."
"We have suggested an expert committee for the overall situation and examination if the Government of India is interested in this exercise," he said, calling for "a brief note on the factual and regulatory on the situation and the incident".
"We have indicated to the Solicitor General, the concern about the regulatory process and [to see that] Indian investors are protected over the incident in the last two weeks," the Chief Justice said.
