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regular-article-logo Friday, 10 May 2024

No Adani gag on media, rules Supreme Court

The petition, filed by an advocate, claimed that the media was sensationalising the issue

R. Balaji New Delhi Published 25.02.23, 02:54 AM
The Supreme Court

The Supreme Court File picture

The Supreme Court on Friday declined to restrain the media from reporting matters relating to the Hindenburg Research report that has accused the Adani group of stock market manipulation and accounting fraud.

“We are not going to issue any injunction ever against the media,” Chief Justice D.Y. Chandrachud told petitioner Manoharlal Sharma, an advocate. Sharma had pleaded that the media was sensationalising the issue.

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“Mr Sharma, make a reasonable argument, not for injunction to the media,” Justice Chandrachud told the petitioner gently.

“We will be shortly passing our orders on the issue.”

The bench, which included Justices P.S. Narasimha and J.B. Pardiwala, is expected to soon name the members of the expert committee that will look into the Hindenburg allegations and the issues arising out of them.

The court had on February 17 decided to select the expert committee itself, rejecting for the sake of “public confidence” the Centre’s plea to consider names it had suggested in a sealed cover.

The bench is hearing four petitions. The first, from Sharma, seeks a probe and the registration of criminal cases against Hindenburg Research founder Nathan Anderson for allegedly looking to create havoc in the stock market.

The second, moved by an advocate, seeks a judicial probe. The third by a Congress leader requests an investigation into whether the LIC and the SBI were in connivance with the Adanis. The fourth seeks a probe into the Hindenburg allegations.

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