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Supreme Court Rejects Plea to Ban Media Reporting on Adani-Hindenburg Issue

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Supreme Court Rejects Plea to Ban Media Reporting on Adani-Hindenburg Issue
Photo:- telegraphindia.com

On Friday, the Supreme Court of India dismissed a plea filed by advocate ML Sharma, seeking to prevent the media from reporting on the Adani-Hindenburg issue until the court delivers its verdict on the matter. The Chief Justice of India, Justice DY Chandrachud, stated that the court would not injunct the media and would instead pronounce its order.

The Adani-Hindenburg issue has been making headlines recently, with four Public Interest Litigations (PILs) filed in the Supreme Court by lawyers and social activists. The PILs seek action against Hindenburg Research, a short-seller which published a report alleging fraud on the part of the Adani Group, resulting in losses of over $100 billion. The report has caused Adani Group stocks to take a beating on the bourses.

One of the petitioners, advocate ML Sharma, sought to injunct the media from reporting on the issue till the court delivers its verdict on the committee. However, the Supreme Court rejected the plea, with Chief Justice of India Justice DY Chandrachud stating that they will pronounce their order.

Sharma also sought directions to the SEBI and the Union home ministry to conduct an inquiry and register an FIR against founder of Hindenburg Research, Nathan Anderson, and his associates in India. He also sought a gag order to halt media reports concerning listed companies unless such reports are first filed with and verified by the SEBI.

Another petitioner, Vishal Tiwari, sought a direction to the Centre to constitute a committee monitored by a retired apex court judge to inquire into the Hindenburg Research report. Congress leader Jaya Thakur sought an investigation under the supervision of a sitting apex court judge against the Adani Group of companies in light of the allegations.

The fourth PIL seeks a probe by multiple central government agencies under the supervision of a panel or a former apex court judge against the Adani Group following allegations of fraud and share price manipulation. The Adani Group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements.

The Supreme Court had reserved its verdict on the issue on February 17. While the court has not yet delivered its verdict, the rejection of Sharma’s plea indicates that the media will be allowed to continue reporting on the issue.

The Adani Group is a large business conglomerate led by industrialist Gautam Adani. The allegations made by Hindenburg Research have shaken investor confidence in the group, resulting in a significant drop in its stock prices.

It remains to be seen what actions the SEBI and other government agencies will take in response to the allegations. The PILs filed in the Supreme Court will likely play a role in shaping the government’s response. Ultimately, the outcome of the case will have significant implications for the Adani Group and its investors.

Bengaluru

Siddaramaiah Considers NIA Probe for Rameswaram Cafe Blast

Chief Minister Siddaramaiah discusses potential NIA involvement in the investigation of the Rameswaram cafe blast.

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Siddaramaiah Considers NIA Probe for Rameswaram Cafe Blast
(Chief Minister Siddaramaiah | Photo - X/@CMofKarnataka)

Chief Minister Siddaramaiah addressed concerns regarding the Rameswaram cafe blast, emphasizing the government’s commitment to ensuring a thorough investigation. The blast, which occurred at a popular eatery in Brookfield on March 1, left 10 people injured and sparked demands for a National Investigation Agency (NIA) probe.

Siddaramaiah acknowledged that the Central Crime Branch (CCB) was currently handling the investigation. However, in response to the BJP’s call for an NIA inquiry, he stated, “We will consider it if necessary. The investigation is underway, and no suspects have been apprehended yet.”

The Chief Minister also criticized the BJP’s attempts to politicize the incident, particularly referencing their accusation of labeling Bengaluru as ‘Bomb Bangalore’ instead of ‘Brand Bangalore.’ He pointed out previous bomb blasts that occurred during BJP’s rule and questioned their accountability during those instances.

Addressing concerns over public safety, Siddaramaiah stressed the seriousness with which governments approach such incidents. “Bombings are never trivial matters. Our priority is always the safety and security of the public,” he affirmed.

He further challenged the BJP to refrain from politicizing the issue and instead focus on supporting efforts to ensure justice and prevent future incidents. “While I condemn the act of bombing, it is crucial that we do not engage in political gamesmanship at the expense of public safety,” Siddaramaiah emphasized.

In conclusion, Siddaramaiah’s remarks underscored the government’s commitment to a thorough investigation into the Rameswaram cafe blast and their willingness to consider involving the NIA if deemed necessary. He reiterated the importance of prioritizing public safety above political agendas, urging all parties to work together towards this common goal.

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Mangaluru

Bhandara Mane Demolition: Three Arrested in Ullal, Karnataka

Three arrested in Ullal for the demolition of an under-construction Bhandara Mane near Kondana Daivasthana. Get insights on the incident, legal actions, and reactions.

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Bhandara Mane Demolition: Three Arrested in Ullal, Karnataka
Photo:tv9kannada

in Ullal, Karnataka, three individuals have been apprehended by the Ullal police regarding the demolition of an under-construction “Bhandara mane” near the revered Kondana Daivasthana. Commissioner of Police Anupam Agrawal identified the arrested individuals as Muttana Shetty, Dheeraj, and Shivraj.

Bhandara Mane:

The Kondana Daivasthana, overseen by the endowment department, witnessed the unlawful demolition of the Bhandara mane structure, located on government land adjacent to the Daivasthana premises. Miscreants utilized an earthmover to carry out the demolition during the early hours of Sunday morning.

Following a complaint lodged by Kotekar TP Chief Officer Anand, the police initiated legal proceedings under various sections of the Indian Penal Code (IPC) and the Karnataka Prevention of Destruction and Loss of Property Act. The sections invoked include IPC Sections 143, 147, 148, 295, 427, along with Section 2A of the aforementioned Karnataka Act.

Interrogation of the arrested individuals revealed that the Bhandara mane construction lacked proper authorization, having been erected without consent from the Daivasthana’s 16 ‘gurikararu.’ Despite complaints to authorities like the Assistant Commissioner and Tahsildar, no corrective measures were taken, prompting the accused to take matters into their own hands.

Expressing dismay over the incident, U T Khader, Assembly Speaker and representative of the Mangalore Assembly constituency, condemned the demolition. He emphasized the significance of preserving religious structures and directed law enforcement to swiftly act against the perpetrators.

The demolition of the Bhandara mane stands as a somber event tarnishing the district’s reputation, prompting calls for justice and stricter enforcement of property laws. Stay tuned for further updates as the legal proceedings unfold in this case.

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Bengaluru

JP Nadda will reach Karnataka on Monday on a two-day visit.

BJP national president J P Nadda’s two-day visit to Belagavi includes public engagements and organisational meetings.

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JP Nadda will reach Karnataka on Monday on a two-day visit.
File Photo: JP Nadda

BJP national president J P Nadda is set for a significant two-day visit to Belagavi, Karnataka. Scheduled from Monday onwards, his visit encompasses a series of public engagements and crucial organisational meetings. On Monday, he is expected to arrive at Sambra Airport, Belagavi at 08.30 pm. The itinerary kicks off with a core committee meeting for Chikodi, Belagavi, Bagalkot, and Vijayapura parliamentary constituencies at Kakati, Belagavi at 09.00 pm.

The following day, Tuesday, holds various important events. At 11.15 am, Nadda will address the booth karyakarta sammelan at Kiwad Ground, Chikodi. This will be followed by an interaction session with beneficiaries of the Pradhan Mantri Swanidhi Yojana at ITC Welcome Hotel in Belagavi at 02.15 pm. Later in the day, at 05.15 pm, he is scheduled to interact with intellectuals at Jirge Auditorium in Belagavi.

The visit underscores BJP’s commitment to engaging with local communities and strengthening organisational structures. Stay updated on J P Nadda’s visit to Belagavi for insights into the party’s strategies and engagements.

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