Adani-Hindenburg tussle: Centre agrees to SC proposal to appoint committee

Since the release of the US short-seller report on Adani Group, its seven listed stocks have lost about $120 billion in market value since January 24

The Centre on Monday agreed to the Supreme Court's proposal of setting up a committee to suggest how to ensure investors are protected in the future and said that market regulator Securities and Exchange Board of India (Sebi) is competent to deal with the situation in Hindenburg-Adani case.

The apex court bench headed by Chief Justice DY Chandrachud asked the Centre to apprise it about the remit of the committee on Friday. The Centre, however, said that wanted to give the names of the domain experts for the proposed committee and the scope of its mandate in a sealed cover