Satyamev Jayate: Gautam Adani tweets after SC says no to SIT in Adani-Hindenburg controversy

January 3, 2024

New Delhi: After the verdict of the Supreme Court in which the apex court refused to form any SIT or group of experts to investigate the Adani-Hindenburg controversy saying that the media and third-party reports were not conclusive proof.

In a tweet on X, formerly known as Twitter, Gautam Adani said, “The Hon’ble Supreme Court’s judgment shows that: Truth has prevailed. Satyameva Jayate. I am grateful to those who stood by us. Our humble contribution to India’s growth story will continue. Jai Hind.”

Delivering a verdict on a batch of pleas pertaining to Adani-Hindenburg controversy, the Supreme Court on Wednesday cautioned against use of unverified and unrelated material in filing of public interest litigations (PILs).

Cautioning lawyers and members of civil society, a bench presided over by CJI D.Y. Chandrachud said that pleas lacking adequate research and relying on unverified and unrelated material tend to be “counterproductive”.

Taking note of the submission made by Solicitor General Tushar Mehta that 22 out of 24 investigations relating to allegations against Adani group of companies have already been finalised, the bench, also comprising Justices J.B. Pardiwala and Manoj Misra, asked the market regulator to complete the pending two investigations “expeditiously within a period of three months”.

The top court said that reports prepared by third party organisations such as the Organized Crime and Corruption Reporting Project (OCCRP) and Hindenburg Research cannot be regarded as “conclusive proof”.