New Delhi: The Supreme Court on Friday rejected a plea to ban the media’s coverage on the Adani-Hindenburg’s issue.
Chief Justice of India (CJI) D Y Chandrachud said that he cannot ban the media. We will only give our verdict in this matter. The petition was filed on behalf of advocate LL Sharma.
Earlier on February 17, the Supreme Court had reserved its verdict in a batch of four petitions regarding the report published by short-seller Hindenburg Research. In this, the Adani Group was accused of fraud. After this report came out, the Adani Group had lost more than $ 100 billion.
Advocate L L Sharma, who filed the petition, has also sought a direction to Sebi and the Union Home Ministry to conduct an inquiry and register an FIR against Hindenburg Research founder Nathan Anderson and his associates in India.
Sharma had also sought a gag order to stop media reports related to listed companies.