Plea In Supreme Court Seeks Govt, SEBI Reports On Stock Market Crash After Lok Sabha Election Results

An application has been filed in the Supreme Court, urging the Union Government and SEBI to furnish a detailed report on the Share Market crash post the Lok Sabha 2024 Polls Results. Advocate Vishal Tiwari moved this Interlocutory Application within an existing writ petition concerning the Adani-Hindenburg issue. \r

The Court had previously directed SEBI and the Government to consider recommendations for investor protection. Tiwari emphasized the public's Right to Know regarding any irregularities causing the crash and demanded SEBI's investigation report to be submitted. Media reports suggest a loss of nearly 20 lac crores after the polls. \r

Tiwari highlighted a recurring failure in the stock exchange regulatory mechanism despite prior judicial directives.