A petitioner in the Adani-Hindenburg case on Monday (September 18) urged the Supreme Court to constitute a fresh committee of experts, saying the current one headed by a former apex court judge, Justice A.M. Sapre, is hit by “conflict of interest”.
The Justice Sapre Committee was constituted by the Supreme Court on March 2 to investigate the causal factors and existence, if any, of regulatory failure which led to investors losing crores due to volatility in the securities market following Hindenburg Research’s report accusing the Adani Group of manipulation of share prices and account fraud.
The members of the expert committee included former chairman of the State Bank of India O.P. Bhatt, retired Bombay High Court judge Justice J.P. Devadhar, former chief of the New Development Bank of BRIC countries K.V. Kamath, co-founder of Infosys Nandan Nilekani and securities expert and lawyer Somasekhar Sundaresan.
