The Supreme Court on Friday rejected a plea to injunct media from publishing news reports on US short seller firm Hindenburg's report on Adani Group till the court pronounces its order on setting up a committee to examine the matter.
Advocate M L Sharma, who filed the PIL in the matter alleging conspiracy behind the Hindenburg report, mentioned the matter before a bench of Chief Justice of India D Y Chandrachud and Justices P S Narasimha and J B Pardiwala.
“We are not going to issue any injunction to the media ever. We will pronounce orders shortly,” the bench told the advocate-petitioner.
As Sharma reiterated that the media was creating a sensation, the bench told him to "make a reasonable argument".
In his plea, Sharma said media continued to publish news reports, affecting the Indian share market and creating panic amongst the investors.
The court said it would form a committee of experts to look into the matter.
(Published 24 February 2023, 05:35 IST)