Vishal Tiwari vs Union Of India

The Supreme Court addressed writ petitions under Article 32 concerning the decline in investor wealth linked to the Adani Group, prompted by allegations from Hindenburg Research regarding regulatory violations under the Securities Contracts (Regulation) Rules, 1957. The Court held that there was no regulatory failure attributable to SEBI and that the transfer of investigation to another agency was unwarranted, emphasizing SEBI's comprehensive investigation. The Court concluded that the existing regulatory framework was adequate to address the concerns raised by the petitioners.