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One more plea filed in Supreme Court on Adani-Hindenburg row

 Moody's Downgrades Ratings Outlook of Four Adani Group Firms

On Thursday, a fresh Public Interest Litigation was filed in the Apex Court seeking a probe by multiple Central Govt agencies under the supervision of a panel or a former SC Judge against the Adani Group of companies following allegations of fraud and share price manipulation made by the US-based Hindenburg Research.

A bench headed by CJI D Y Chandrachud is already seized of as many as three PILs alleging exploitation of innocent investors and "artificial crashing" of the Adani Group's stock value, and they are listed for hearing on Friday.

On Monday, the Centre had agreed to the Supreme Court's proposal to set up a panel of experts to look into strengthening the regulatory mechanisms for the stock market following the recent Adani group shares meltdown triggered by Hindenburg Research's fraud allegations.


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