Billionaire Gautam Adani, Chairperson of Adani Group, reacting to the Supreme Court judgment on allegations levelled by a US short-seller against his conglomerate, said recently that truth has prevailed and his group would continue to contribute to India’s growth story.<\/p>\n\n\n\n
The Supreme Court on Wednesday ruled that there was no ground to order an investigation by a SIT or CBI into allegations against the Adani group, and that capital market regulator SEBI must conclude its probe within three months.<\/p>\n\n\n\n
A three-judge bench of the top court, headed by the Chief Justice of India D Y Chandrachud, asked Securities and Exchange Board of India (SEBI) to complete its pending investigation within three months and said no more probes were needed, potentially drawing an end to the year-long saga triggered by Hindenburg Research’s scathing report against the apples-to-airport conglomerate.<\/p>\n\n\n\n
Adani group has denied all allegations.<\/p>\n\n\n\n
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