India’s top court has ordered an expert committee to investigate any regulatory failures related to the country’s second-largest conglomerate, the Adani Group.
The expert committee will submit its findings to the Supreme Court within two months, said Chief Justice DY Chandrachud and justices PS Narasimha and JB Pardiwala.
And the top court also directed the government-run Securities and Exchange Board of India to investigate whether there had been a violation of rules or manipulation of stock prices by the Adani Group.
The court acted on petitions filed by some activists and lawyers.
Opposition lawmakers blocked parliamentary proceedings last month, demanding a probe into the business dealings of coal tycoon Gautam Adani, who is said to enjoy close ties with Prime Minister Narendra Modi.
