NEW DELHI: A plea has been filed in the Supreme Court for initiation of contempt proceedings against the Securities and Exchange Board of India (SEBI), alleging it has violated the timeline for completing the investigation and submitting its report on charges of stock price manipulation by Adani group.

The PIL by petitioner Vishal Tiwari said despite the deadline given to the SEBI it has failed to comply with the direction of the court and has not submitted the final report as was directed.

The petition said by the order dated May 17, 2023, the apex court directed SEBI to submit its report till August 14.

It said on August 25, 2023, SEBI filed the status report regarding its investigation stating that overall it has done 24 investigations, out of which 22 investigations have achieved finality and two are of interim nature.