Adani-Hindenburg Issue: SC Refuses Plea To Gag Media from Reporting

IANS 24 February 2023

Economy & Nation

The Supreme Court (SC) on Friday said it will not injunct media on carrying reports on Hindenburg report on Adani group till the Court pronounces its order on constitution of a committee to examine the matter.

Advocate ML Sharma mentioned the matter before a bench headed by chief justice of India DY Chandrachud.

The chief justice told Mr Sharma, "We are not going to issue any injunction to the media ever... We will pronounce orders shortly."

When Mr Sharma repeated his request by saying that the media was creating a sensation, the chief justice said, "make a reasonable argument, not for an injunction on the media..."

Mr Sharma, in the application, said media hype is affecting the Indian share market and the allegations are creating panic amongst the investors. Mr Sharma's application is a part of his PIL (public interest litigation) which was filed in connection with the Hindenburg report controversy.

On 17th February, the SC said it would not accept sealed cover names of experts suggested by the Centre for inclusion on the committee to be set up to examine Hindenburg report which resulted in crashing of Adani group company share prices and caused massive loss to investors.

The top court said it will select experts and maintain full transparency, and if the Court were to take names suggested by the Central government, then it would amount to a government constituted committee.

The bench, also comprising justices PS Narasimha and JB Pardiwala, said the Court wants full transparency for protection of interest of investors and it will form a committee so that there is a sense of confidence in the Court.

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