The Supreme Court has sought SEBI's reply by February 13 on the petitions related to the Hindenburg Report. The Supreme Court asked SEBI to tell the court how to ensure the safety of investors in future and show the Supreme Court what is the current structure? The court said that it also wants to know how the regulatory framework can be strengthened. 

The Supreme Court has said that SEBI should explain what is the existing regulatory framework and whether there is a need to set up a strong mechanism to protect investors. The Supreme Court has sought answers from the Finance Ministry and SEBI by February 13. The court has asked how to ensure the safety of investors? The court has given these instructions while hearing the petitions related to the Hindenburg Report. 

Earlier on Thursday, advocate Vishal Tiwari had requested for early listing of the matter before a bench of CJI Justice DY Chandrachud, Justice PS Narasimha and Justice JB Pardiwala. He had said that his application along with other petitions filed in the case be heard on Friday. In the PIL, Tiwari had also demanded setting up of a special committee to oversee the policy of sanctioning loans of more than Rs 500 crore given to big business houses. The court had accepted his petition.

Prior to that, last week, another PIL was filed in the apex court by advocate ML Sharma, against short seller Nathan Anderson of US-based firm Hindenburg Research and his associates in India and the US for allegedly exploiting innocent investors and Adani Group. There was a demand for prosecution for artificially driving down the share price of

In fact, a report was released by Hindenburg Research, in which several serious allegations were leveled against the Adani Group, including fraudulent transactions and manipulation of share prices. After this, there has been a huge fall in the share prices of Adani group companies. The Adani Group, however, denied all the allegations saying that it abides by all laws and policies relating to disclosure of information.