Adani-Hindenburg issue: Supreme Court forms expert committee to probe recent share crash
New Delhi (PTI): The Supreme Court on Thursday ordered setting up of a six- member committee headed by former apex court judge A M Sapre to look into various regulatory aspects for stock markets, including the recent Adani Group shares crash triggered by the Hindenburg Research's fraud allegations.
A bench of Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala said the panel will make an overall assessment of situation, suggest measures to make investors aware and strengthening of existing regulatory measures for stock markets.
The bench also directed the Centre, financial statutory bodies and the SEBI chairperson to render all cooperation to the panel which will have to submit its report within two months.
Former judges OP Bhat and JP Devdatt are also part of the probe committee.
The court also named Nandan Nilekani, KV Kamath and Somasekharan Sundaresan as three other members of the committee.
While reserving its order, the top court on February 17 had refused to accept in a sealed cover the Centre's suggestion on a proposed panel of experts.
Till now four PILs have been filed in the top court on the issue by lawyers M L Sharma, Vishal Tiwari, Congress leader Jaya Thakur and Mukesh Kumar, who claims to be a social activist.
Adani Group stocks have taken a beating on the bourses after the Hindenburg Research made a litany of allegations, including fraudulent transactions and share-price manipulation, against the business conglomerate. The Adani Group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Attack on Chennai doctor: Strict law needed to stop such violence, says IMA Goa
Panaji (PTI): The Indian Medical Association's Goa branch has condemned the attack on an oncologist by a patient's relative at a hospital in Chennai and demanded a stringent and deterrant legislation to curb violence against doctors in the country.
Such cases need to be fast-tracked, with exemplary punishment to culprits, it said.
Dr Balaji Jagannathan (53) was stabbed at least seven times on Wednesday by a man at the Kalaignar Centenary Super Speciality Hospital in Chennai allegedly over grievances regarding the treatment of his mother at the facility, according to hospital officials.
The doctor was being treated and his condition was reported to be stable, they said.
The 26-year old accused was later arrested.
Condemning the attack, IMA Goa president Dr Sandesh Chodankar on Wednesday said, "This (attacks on medical professionals) has become a regular and recurring phenomena in healthcare sector across India which clearly exposes the failure on part of the government to take care of safety and security issues threatening the very existence of this noble profession."
The incident has happened despite community awareness, token strikes, rallies, candle marches and sensitisation of stakeholders conducted after the incident of rape and murder of a doctor at the RG Kar Medical College and Hospital in Kolkata in August, he noted.
Chodankar said the IMA has been demanding a strong and stringent central law for violence against doctors at pan-India level with fast tracking of such cases and extraordinary and exemplary punishment to the culprits.
The government should take a note of this sensitive issue and come out with a deterrent legislation, he said.
Referring to the incident in Chennai, Chodankar said this act of "national shame" by patients and their attendants seems to be unstoppable at this point of time, clearly exposing the system's failure.
