Centre says no objection on setting up expert panel amid Adani row
The Union government told the Supreme Court that it has no objections to setting up an expert panel to strengthen the regulatory mechanism amid the Adani row.
In its written submission, the Centre said there is no significant impact at a market-wide level or at a system-wide level that might warrant a system-level review of the regulatory frameworks in operation.
“Entity-level issues that have arisen have had a significant impact at the entity level and warrant detailed examination by the regulator,” it said.
Adani stocks have taken a massive hit following allegations by US short-seller Hindenburg Research. The Centre said the overall market volatility in India is on par with or lower than that in major developed markets.