The Adani Enterprises case reached the Supreme Court on Friday, with a public interest lawsuit (PIL) requesting an investigation into the US-based firm Hindenburg Research, whose report caused Adani group shares to plummet on the bourses.
The PIL was filed by Advocate ML Sharma, who demanded an investigation into the short-selling business and its founder, Nathan Anderson. Sharma requested legal action against Anderson as well as compensation for those who had invested in Adani Group enterprises.
Anderson is referred to as a “short-seller” in the Supreme Court plea in the Adani Enterprises case, and action is sought against him for “defrauding innocent investors” in Adani group firms.
