Plea filed in SC seeks report from SEBI, Centre on June 4 market crash
New Delhi: A lawyer has filed an application in the Supreme Court seeking directions to the Centre and the Securities and Exchange Board of India (SEBI) to submit a report on the allegations of stock market crash and loss to investors after the Lok Sabha election results on June 4.
The application was filed by advocate Vishal Tiwari, who linked it with the Adani-Hindenberg case. Mr. Tiwari has asked for the SEBI investigation report into the Adani-Hindenberg case to be made public, saying the ordinary citizens have a right to know.
According to the plea, while the court directed the market regulator to implement reforms suggested by the expert committee, it has not filed any document on whether the these reforms had been implemented. It also alleged that SEBI has not informed to the SC or the public at large as to whether it has completed the pending investigation on the Adani-Hindenburg case.
