Adani issue: SC refuses to accept in sealed cover Centre's suggestion on panel of experts
New Delhi (PTI): The Supreme Court on Friday refused to accept in a sealed cover the Centre's suggestion on a proposed panel of experts for strengthening regulatory measures for the stock market.
Observing that it wants to maintain full transparency in the interests of investors, a bench comprising Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala said it would rather not accept the Centre's suggestion in a sealed cover.
"We will not accept the sealed cover suggestion by you because we want to maintain full transparency," the bench said.
On February 10, the top court had said the interests of Indian investors need to be protected against market volatility in the backdrop of the Adani Group stock rout and asked the Centre to consider setting up a panel of domain experts headed by a former judge to look into strengthening the regulatory mechanism.
Till now, four PILs have been filed in the top court on the issue by lawyers M L Sharma and Vishal Tiwari, Congress leader Jaya Thakur and activist Mukesh Kumar.
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.
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Bike-car collision in Davanagere: One youngster dead, another seriously injured
car driver absconding
Davanagere: A youngster who was on the way to a New Year party with his friend died in an incident of bike-car collision in the city shortly past midnight on Wednesday.
The deceased youngster is identified as Karthik, a resident of Nituvalli Layout in the city.
Karthik was riding along with his friend to attend a New Year party late Tuesday night on the Nutan College Road in Vidyanagar in Davanagere city, where the car collided with the bike reportedly around 1 am on Wednesday.
While Karthik died in the road accident, his friend is learned to be grievously injured in the accident and undergoing treatment at a local hospital. The car driver, however, escaped from the accident scene. The bike was found to be completely damaged due to the intensity of the collision.
A case has been registered at the Vidyanagar Police Station. The police officers visited accident spot as a part of the investigation.
