In a significant development, the Supreme Court on Monday recused a judge from hearing a Public Interest Litigation (PIL) filed against Vedanta Group companies. The matter will now be listed before a different bench for further proceedings.
The PIL, which references the Viceroy Report, alleges serious financial irregularities including manipulation of accounts, price rigging, and regulatory violations by Vedanta Ltd, Hindustan Zinc Ltd (HZL), and Vedanta Resources.
The petitioner has urged the apex court to direct regulatory authorities to conduct an in-depth investigation into the findings of the report, which has been the subject of scrutiny in market and policy circles.
The Supreme Court’s decision to reassign the case to another bench sets the stage for a fresh hearing, as investors and regulators closely watch the outcome of the high-profile matter.
