New Delhi: The Supreme Court has said that it will not pass any injunction orders against the media when it comes to the January 24 Hindenburg Research report that accuses the Adani Group of stock manipulation and fraud and the impact it has had on the market.

The response came in reply to a plea by advocate M.L. Sharma, who is one of the petitioners in the case and had sought directions to market regulator SEBI and the Union home ministry to conduct an inquiry into and file an FIR against Hindenburg, its researcher Nathan Anderson, and others.

"We are not going to issue any injunction to the media ever. We will pronounce orders shortly," CJI D.Y. Chandrachud said, according to Bar and Bench.

The bench also comprises Justices P.S. Narasimha and J.B. Pardiwala.

Turning down the names proposed by the Union government, the Supreme Court had, on February 17, said it will form an expert committee to review regulatory mechanism in the light of Hindenburg's report.

The Wire is now on WhatsApp. Follow our channel for sharp analysis and opinions on the latest developments.