The case of Adani Enterprises has now reached the Supreme Court. According to media reports, a Public Interest Litigation (PIL) has been filed against US-based firm Hindenburg Research in the Supreme Court on Friday. The PIL seeks action against Hindenburg founder Nathan Anderson. Adani Group's shares have declined due to the report of Hindenburg Research.

According to a report, a public interest litigation has been filed in the Supreme Court on behalf of advocate ML Sharma on Friday. In this PIL, action has been sought against American short-selling company Hindenburg Research and its founder Nathan Anderson. Along with this, a demand has also been made in this petition to give compensation to the people who have invested in companies of Adani Group. The petition filed in the Supreme Court in the Adani Enterprises case calls Anderson a short-seller and seeks action against him for defrauding innocent investors of Adani group companies.

After the report became public, the shares of Adani Group companies continued to decline for the last seven days. The stock of Adani Enterprises fell by 20 percent in the Indian stock market. Industrialist Gautam Adani's net worth has suffered a major setback since the Hindenburg report became public. Where till some time ago he was at number three in the list of the world's rich, now he is not even in the top 20.

Shares of Adani Enterprises plunged up to 35% on Friday.