Supreme Court: Hindenburg not gospel truth, rely on our agencies

The Supreme Court on Friday appeared unpersuaded by lawyer Prashant Bhushan, appearing for a third-year law student, who attempted to punch holes in Sebi's probe into 24 cases of irregularities relating to alleged stock market manipulations by the Adani Group and argued that the regulator had failed to take note of "credible information" provided in the Hindenburg report. Bhushan said Hindenburg had received information about alleged stock market manipulations by the Adani Group from Mauritius authorities.

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