new delhi the supreme court on friday sought the securities and exchange board of indias sebi response on 2 pils accusing the market regulator of inaction in regulating the share markets in the face of hindenburg report which resulted in crash of adani group company share prices massive loss to small investorsit has fixed february 13 as the date for hearing sebis response the apex court asked sebi to apprise it on how to ensure investors protection in future amid persistent rout in stocks of adani group companies after a report by us short seller hindenburg research alleged stock manipulation and fraudread alsosebi probes adanis links to investors amid hindenburg allegationsthe securities and exchange board of india sebi is investigating adani groups links to some of the investors in the conglomerates aborted 25 billion share sale two sources said amid growing concern in new delhi about a us shortsellers allegations against one of the countrys top industrialadani group hires us law firm in fight against hindenburg reportaccording to the british daily news report the adani group has tapped senior lawyers at wachtell lipton rosen katz to advise it on how to deal with the crisis facing the conglomerate the new yorkbased legal firm specializes in corporate law regularly handling large and complex transactionswhat really bothers us is how do we protect the interest of the indian investors a bench headed by chief justice d y chandrachud said the bench also comprising justices p s narasimha and j b pardiwala suggested forming a committee of domain experts and others besides putting in place robust practices to protect investorsthe sc asked sebi about the existing structure of regulatory framework and how to strengthen it sc asked solicitor general tushar mehta who appeared for sebi to consult the ministry of finance and inform the court about what robust mechanism the centre is contemplating to prevent such bloodbath in future stock that happened after hindenburg report on adani group companythe solicitor general then said the market regulator and other statutory bodies were doing the needfulthe court responded that it was just thinking aloud and not making any observation on the merits of the case as the stock markets usually run on sentimentsone of the pils filed by lawyer vishal tiwari has sought a direction to the centre to constitute a committee monitored by a retired apex court judge to inquire and investigate into the hindenburg research report which has made a slew of allegations against the business conglomerate led by industrialist gautam adanianother pil filed by advocate m l sharma seeks prosecution of shortseller nathan anderson of the usbased hindenburg research and his associates in india and the us for allegedly exploiting innocent investors and the artificial crashing of the adani groups stock value in the marketsharma has sought directions for declaring short selling an offence of fraud against the investors to be prosecutable under section 420 cheating of the indian penal code ipc read with provisions of the sebi actmeanwhile in