Big relief to Adani Group in Hindenburg case, SC committee did not find evidence

Adani Group has got a big relief in Hindenburg case. An expert committee constituted by the Supreme Court found no evidence against the group in its investigation. The Supreme Court’s expert committee has said in its report that it has not found any evidence of manipulation of share prices by the Adani Group. The inquiry committee has cited 4 SEBI reports. According to the information received, this report has been handed over to the Supreme Court. Along with this, the expert committee has said in its investigation report that Adani Group had given all necessary information to the stock exchange. The group’s shares were already under the watchful eye of additional surveillance measures. Let us tell you that in the report given by SEBI to ED, no allegation has been made against Adani Group. This is a big relief news for Adani Group.After Adani Group got relief in the report of the inquiry committee formed by the Supreme Court, the shares of the group companies are seeing a surge. Out of

View More Big relief to Adani Group in Hindenburg case, SC committee did not find evidence

SC Grants Bail to TMC Spokesperson Saket Gokhale in Case of embezzlement Of Funds.

The Supreme Court on Monday granted bail to RTI (Right To Information) activist turned Trinamool Congress (TMC) spokesperson Saket Gokhale, in an alleged theft of funds case filed against him in Ahmedabad.A bench of justices consisting of BR Gavai and Vikram Nath ordered the applicant to be released on bail after taking into account the fact that the charge sheet had already been submitted.Also Read: Saurashtra Tamil Sangamam: 3000 people from Tamil Nadu to visit Gujarat for Saurashtra-Tamil Sangamam. Gokhale was detained by the Gujarat police on December 29 while travelling via Delhi. He had filed a petition with the Supreme Court to challenge the Gujarat high court’s February decision to deny him bail.The case concerns the alleged misappropriation of money over Rs. 72 lakh that he is accused of having raised through crowdfunding during the Covid pandemic. He is accused of having solicited funds from more than 1,700 people via the crowdfunding website “Our Democracy,” with the inte

View More SC Grants Bail to TMC Spokesperson Saket Gokhale in Case of embezzlement Of Funds.

Supreme Court “Validates” the decision of Demonetization : Said Govt decision can not be reversed

The supreme court on Monday cleared its decision on the govt’s move to demonetize the 500 and 1000 rs note back in 2016, and sad thatthe government’s move is “Valid.”The five-judge Constitution bench of the apex court headed by Justice SA Nazeer said that the decision, being the Executive’s economic policy, cannot be “reversed”. The top court also said that the Centre’s decision-making process “could not have been flawed” as there was consultation between the Reserve Bank of India (RBI) and the Central government.Further they made the statement  during the hearing that the notification of Demonetization of Indian Currency notes of 1000 and 500 rs can not be “unreasonable.”  “The notification dated November 8, 2016, is valid and satisfies the test of proportionality,” the bench, which also comprised justices BV Nagarathna, BR Gavai, AS Bopanna, and V Ramasubramanian, said.Further it was said , it is not neccessary to know that the objective for which the the decision was taken is fulf

View More Supreme Court “Validates” the decision of Demonetization : Said Govt decision can not be reversed