SC asks Sebi to complete Adani case probe in 3 months

In a significant development, the Supreme Court has declined a request for an SIT or CBI inquiry into the Adani-Hindenburg controversy. This controversy had previously led to a dramatic meltdown in the share prices of Adani group companies. The apex court said that there was no substantial basis to question the fairness of the ongoing probe by the Securities and Exchange Board of India (SEBI), which has already completed investigations in 22 out of 24 cases.