Congress MP Ranjeet Ranjan has given a Suspension of Business Notice in Rajya Sabha under rule 267 and demanded to discuss "the Government's failure to constitute a Joint Parliamentary Committee (JPC) to investigate the charges of corporate fraud".
"We are demanding the constitution of JPC on the Adani stocks issue. When we raise this issue, then mikes are switched off and a ruckus erupts in the House," the Leader of Opposition in Rajya Sabha said.
George Soros, a billionaire investor termed Prime Minister Narendra Modi and business tycoon Gautam Adani as close allies amid a stock market selloff in the conglomerate's listed entities after a US-based short seller levelled allegations against the group by Hindenburg Research.
Moody's Investors Service has said banks' exposures to Adani Group are not large enough to affect their credit quality materially but it has cautioned that the exposure may increase in case the conglomerate becomes more reliant on bank loans.
The group entities made scheduled coupon payments on outstanding US dollar-denominated bonds on Thursday, according to Reuters' source with direct knowledge of the conglomerate's strategy.
Leader of Opposition in Rajya Sabha Mallikarjun Kharge has called a meeting of Opposition party floor leaders at 10 am in his parliament office to chalk out the strategy for the floor of the House today.
Several opposition parties raised critical issues, including the recent stock market matter, concerning Adani Group stocks. Members of Parliament (MPs) asked the government to hold a discussion on the matter as it concerns the economy of the country, and therefore concerns the people at larg