SC decision on Adani-Hindenburg probe panel today: 5 things you must know

On February 17, the Centre had told the apex court that they would submit their suggestions for the proposed panel in a sealed cover, but the court refused to accept it

The Supreme Court (SC) will on Thursday pronounce its order on setting up a panel of domain experts to strengthen existing regulatory measures for the stock markets after the Adani-Hindenburg saga. The apex court had reserved its order on February 17.

The bench delivering the verdict will have Chief Justice of India (CJI) DY Chandrachud and Justices PS Narasimha and JB Pardiwala.

Since the US-based short seller Hindenburg Research released its report in January, the Adani Group stocks have taken a beating. The group's total market cap has been eroded by over $130 billion. According to Bloomberg Billionaires Index, Gautam Adani's wealth has diminished by $77.5 billion in 2023 alone.