Hindenburg: SEBI Gets More Time, Hearing On Expert Panel Report On July 11
NDTV
Chief Justice of India DY Chandrachud told the SEBI to submit a status report of its investigation by August 14
The Supreme Court today gave three more months to the capital markets regulator SEBI to complete its probe in the Hindenburg case. The Securities and Exchange Board of India (SEBI) had asked for six more months, which the Supreme Court declined today.
Chief Justice of India DY Chandrachud told the SEBI to submit a status report of its investigation by August 14, after which the court will decide whether to give the regulator more time, as requested by its lawyer Tushar Mehta in the hearing today.
"We are not giving you an indefinite extension. Let us know if there is any difficulty. We could have given you time till September 30, but tell us at what stage the investigation is. Give us an update about the status of the investigation," Chief Justice Chandrachud said.
The next hearing is on July 11.
