In the Hindenburg Research Report case against the Adani group, the Supreme Court-appointed committee has said in its report that it has not been able to reach the conclusion that the stock market regulator SEBI is not playing its role in monitoring the manipulations in the shares of Adani group companies. has

 Further, the committee said that it is necessary that all the investigations should be completed within the given period of time.

According to the committee, SEBI has identified 13 such suspicious transactions and in its investigation, it is trying to find out whether any kind of fraud has been done in this transaction. The Committee noted that SEBI is gathering information in this regard and the investigation should be completed as soon as possible.

Earlier, on 2^nd March 2023, the Supreme Court directs SEBI to review the existing regulatory mechanism to investigate the steep fall in shares of the Adani Group after the Hindenburg Research report surfaced and to protect the interests of small investors.

An expert committee was formed under the leadership of a retired judge of the Supreme Court.

The committee was formed by the court under the leadership of former Supreme Court judge AM Sapre. The committee included former ICICI Bank CEO KV Kamath, Infosys co-founder Nandan Nilekani, former SBI chairman OP Bhatt, Justice JP Deodhar and Somashekar Sundaresan.

 The Supreme Court had asked this committee to submit its report in a sealed cover within two months.