SC rejects plea to stop media for reporting on Adani-Hindenburg issue

Last Monday, the Supreme Court reserved instructions on forming an expert committee to assess India’s regulatory structure to protect investors.

According to LiveLaw, the Supreme Court on Friday denied lawyer M. L. Sharma’s request that the media refrain from reporting on the Adani-Hindenburg dispute until the court issues its decision.

“We would never impose an injunction against the media,” said Chief Justice of India (CJI) DY Chandrachud to Sharma. Sharma had previously filed a public interest litigation (PIL) requesting a probe into Hindenburg Research.

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He told the court that the media was generating a “sensation.” CJI Chandrachud responded, “Make a reasonable argument, not for an injunction to the media.”

Last Monday, the Supreme Court reserved instructions on forming an expert committee to assess India’s regulatory structure to protect investors. Chandrachud further stated that the court would issue the orders soon.

The panel, which was chaired by India’s Chief Justice, also rejected the Center’s offer to deliver the names in a sealed cover.

“We will select the experts and maintain full transparency.” If we take names from the government, it would amount to a government-constituted committee. “There has to be full public confidence in the committee,” the CJI said.