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CAM is representing Adani Enterprises Limited and Adani Commodities Limited on ACL’s sale of up to 20% of its shareholding, in AWL Agri Business Limited to Lence Pte. Ltd. a wholly owned subsidiary of Wilmar International Limited.
Cyril Amarchand Mangaldas acted as counsel for Adani Group (“Adani”)
Cyril Amarchand Mangaldas (“CAM”) is representing Adani Enterprises Limited (AEL) and Adani Commodities LLP
Supreme Court expressed that “The power to transfer investigation must be exercised in exceptional circumstances. Such powers cannot be exercised in the absence of cogent justifications.”
The petitions are premised upon a show cause notice issued by DRI promulgating that the intelligence has indicated that various entities of Adani Group and Essar Group were indulging in gross over-valuation of imported goods (zero or low duty rated) to siphon off money abroad from Public Listed Companies.
Interviewed by Vedika Kakar
The Supreme Court constituted an Expert Committee headed by a Former SC Judge for reviewing regulatory framework and directed SEBI to expeditiously conclude the investigation within 2 months.