The Supreme Court on Thursday asked the Sebi to probe within two months allegations of stock price manipulation by the Adani group and any lapses in regulatory disclosures, and also set up a panel to look into protection of Indian investors after a damning report by a US short seller wiped out more than USD 140 billion of the conglomerate's market value. The top court while directing the setting up of a six-member committee headed by former apex court judge Justice A M Sapre for the assessment of the extant regulatory framework and for making recommendations to strengthen the process said it was appropriate to set up such a panel of experts in order to "protect Indian investors against volatility of the kind which has been witnessed in the recent past". The court-appointed Justice Sapre panel, which will be provided assistance by the Centre and other statutory agencies including the Sebi chairperson, will have to submit its report in a sealed cover within two months, said the bench which comprised Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala.
After former wrestler Babita Phogat claimed that Radhica Sreeman snatched the final report, the former sports administrator dismissed Babita's claims.
According to sources, Preneet Kaur, a Congress MP, is believed to have voted in support of the report.
Sources said the committee is also expected to underline its unhappiness at the conduct of some opposition members during its proceedings and make a mention of it in its recommendations to the House.
V Balachandran, the other member of the Ram Pradhan committee that probed the 26/11 terror attacks, makes some startling revelations to Rediff.com's Vicky Nanjappa.
Besides the cause of the fire, it would also go into all reform measures needed to ensure that such ghastly incidents did not recur.
A delegation of Meghalaya ministers led by CM Conrad K Sangma will meet Union Home Minister Amit Shah on November 24 to demand a CBI or NIA probe into the violence that left six people dead on the state's border with Assam.
The Assam government on Wednesday constituted a one-man inquiry committee headed by the Additional Chief Secretary P P Verma to probe into the incident of mob assault on Rumi Nath, ruling Congress MLA of Borkhola LAC, in South Assam, on the night of June 29 last inside a hotel at Karimganj town. The committee will submit its report within 15 days.
Rajya Sabha MP Kapil Sibal on Friday described the electoral bonds scheme as a 'very big scam' and demanded that a special investigation team (SIT) be set up with court-appointed officials to probe the alleged quid pro quo and wrongdoings under it.
On July 25 too, the speaker had asked Mann not to attend the House till a decision was arrived at.
Mohammed Sharif Mallik alleged that a man in his locality was stabbed, while his friend's house was torched on February 27 last year.
The Supreme Court said on Friday it may consider granting three more months to SEBI for concluding its probe into the allegations of stock price manipulation by the Adani group and lapses in regulatory disclosure, and listed a batch of PILs and plea by the market regulator on May 15. A bench of Chief Justices DY Chandrachud and Justices P S Narasimha and J B Pardiwala said the court registry has received the report of the apex court-appointed Justice (retd) A M Sapre committee on the issue and would like to hear the matter on Monday after perusing the findings of the panel. "We will go through the report in the meantime.
A woman died and four others were critical after the delivery of babies at a state-run hospital in West Bengal's Paschim Medinipur district allegedly due to the administration of expired intravenous fluid, prompting the health department to order an investigation, officials said on Saturday.
A Sri Lankan court on Friday named former president Maithripala Sirisena as a suspect in the 2019 Easter bombings in which 270 people, including 11 Indians, were killed.
A high-level committee report from the district administration alleged that six children tragically passed away in the last five days, raising concerns over over-admission, mismanagement, and a possible cholera outbreak at the privately-run shelter for special children.
The Supreme Court-appointed Justice Gita Mittal committee, set up to oversee relief and rehabilitation of the victims of ethnic violence in Manipur, on Monday submitted three reports highlighting the need for reconstruction of identity documents, upgradation of compensation and appointment of domain experts to facilitate its functioning.
'I had serious doubts that my statement on video may not have been recorded in entirety or may have been altered in an attempt to protect the accused and thus I requested for a copy of the video recording. However members of the oversight committee flatly turned down my request.'
The helicopter, which crashed last September claiming the life of former Andhra Pradesh chief minister Y S Rajasekhara Reddy and four others, was "probably not airworthy", but this was not a contributing factor to the accident, an inquiry has found.
YAI submits report to SAI over sailor's allegations
The Supreme Court on Friday refused to accept in a sealed cover the Centre's suggestion on a proposed panel of experts for strengthening regulatory measures for stock markets in the wake of the recent Adani group shares crash triggered by Hindenburg Research's fraud allegations.
The witnesses would not testify because of the Inquiry Commission could not give them sufficient assurances for their safety, Commission's chief counsel Mark Freiman said.
The probe panel, constituted by Bihar's National Democratic Alliance government, on Tuesday confirmed that Union Rural Development Minister Raghuvansh Prasad Singh's kin had engaged two child labourers for tilling an agricultural land at Shahpur village in Vaishali district on December 9. The finding dealt a severe blow to Singh's assertion that some TV channels had stage-managed the story.
The committee will be headed by IGP (administration) K Jayanta, the order said, adding that it will "submit the report at the earliest."
The Supreme Court agreed to hear on Friday, instead of Wednesday, a batch of pleas alleging the use of Israeli spyware for surveillance of certain people in India, after taking note of the submissions of the solicitor-general that he would be busy arguing a money-laundering case in another court.
It has been alleged that Yeddyurappa in his capacity as chief minister had violated several rules as a result of which there were irregularities in land dealings, reports Vicky Nanjappa.
Probationary Indian Administrative Service officer Puja Khedkar, who is in the eye of a storm for alleged misuse of power and manipulating disability and OBC quotas, sidestepped questions related to the ongoing probe against her on Monday, saying the truth will eventually prevail, while the Pune police searched for her parents in a separate criminal case.
The Supreme Court is scheduled to pronounce on Thursday its order on a batch of PILs on the recent Adani group shares crash triggered by the Hindenburg Research's fraud allegations.
India on Monday imposed a 12 per cent provisional safeguard duty for 200 days on five steel product categories, including hot rolled coils, sheets and plates, to protect domestic players from surge in imports. The decision follows a recommendation for the same by the Commerce Ministry's investigation arm DGTR. Last month, the DGTR suggested to impose the duty.
Some of his directives had the Supreme Court judges disclose their assets whereas the row over the discovery of cash from a sitting judge's official residence paved way for inquiry.
Boxing great MC Mary Kom will lead a five-member Oversight Committee that will probe sexual harassment charges against Wrestling Federation of India president Brij Bhushan Sharan Singh.
The five-member panel will recommend measures to ensure safety of students and will probe lapses in security, if any. The students and civil society members, meanwhile, took out a protest march demanding resignation of the V-C.
Former India captain Sourav Ganguly joined the Supreme Court-appointed Mudgal committee, which is probing the IPL betting and spot-fixing scandal, as an expert on cricketing affairs.
The Supreme Court-appointed committees, entrusted with the probe of unauthorised use of Pegasus, have given a slew of recommendations including amending laws to protect citizens' right to privacy and ensure the nation's cyber security.
The Securities and Exchange Board of India's (Sebi's) technical advisory committee has been mandated to probe the trading halt at National Stock Exchange (NSE) and fix accountability. The committee after a detailed examination would send its findings and recommendations to whole-time member Madbhi Puri Buch, to decide the future course of action, said two people in the know. The panel, which is currently chaired by Ashok Jhunjhunwala of IIT Madras, is learnt to have sought an explanation over two key issues from NSE: One on the effectiveness of interoperability as it was unable to migrate the trading positions; the other on laxity in switching it to the disaster recovery site.
The West Bengal government has assured the Calcutta High Court that the law and order situation in violence-hit Murshidabad district is under control. The court was hearing a petition by the Leader of the Opposition, Suvendu Adhikari, who alleged bomb blasts during communal riots and sought an NIA investigation. The state government claims adequate steps have been taken to quell the violence, while the Centre has requested an extension of CAPF deployment in the district. The violence erupted during protests against the Waqf (Amendment) Act in Murshidabad, displacing several families. The state government has reported that some families have returned to their homes.
In a statement, the Centre said the probe would be conducted by an additional secretary-rank officer to verify the candidature claims and other details of the 2023 batch officer, who has been allotted the Maharashtra cadre.
The Supreme Court adjourned to Tuesday the hearing on a plea of the Securities and Exchange Board of India (SEBI) seeking extension of six months to complete a probe into allegations of stock price manipulation by the Adani group. The hearing on the market regulator's plea and PILs could not take place on Monday due to paucity of time and on account of scheduled hearing of certain matters before a special bench at 3 pm. A bench comprising Chief Justice D Y Chandrachud and justices P S Narasimha and J B Pardiwala on May 12 had said it would consider granting three more months to Sebi for concluding its probe into the allegations of stock price manipulation and lapses in regulatory disclosure.
The Fortis group, meanwhile, said that all documents, statements and details required by the probe team of the Haryana government were provided.
Nationalist Congress Party president Sharad Pawar on Saturday said he is not completely opposed to a Joint Parliamentary Committee (JPC) probe into the charges against the Adani group, but a Supreme Court committee will be more useful and effective.
The new administrative panel would be elected within two months after convening a general body meeting, it said.
