NEW DELHI (AP) — India’s prime court docket on Thursday ordered an professional committee to analyze any regulatory failures associated to the nation’s second-largest conglomerate, the Adani Group.

The investigation was prompted by allegations made by U.S. short-seller Hindenburg Research in a report that accused Adani corporations of participating in market manipulation and different fraudulent practices.

Shares within the group’s flagship, Adani Enterprises, and different affiliated corporations have misplaced tens of billions of {dollars} in market worth since Hindenburg issued its report.

The Adani Group has denied any wrongdoing, defending itself in opposition to the allegations in a 413 web page rebuttal. In a tweet Thursday, it welcomed the court docket order.

“It will convey finality in a time-bound method. Trust will prevail,” the corporate mentioned.

The professional committee will submit its findings to the Supreme Court inside two months, mentioned Chief Justice D.Y. Chandrachud and justices P.S. Narasimha and J.B. Pardiwala.

The prime court docket additionally directed the government-run Securities and Exchange Board of India to analyze whether or not there had been a violation of guidelines or manipulation of inventory costs by the Adani Group.

The court docket acted on petitions filed by some activists and legal professionals.

Apart from investigating allegations in opposition to Adani, the professional committee is to recommend measures to enhance regulatory oversight and protections for buyers.

Adani Enterprises canceled a share providing meant to lift $2.5 billion final month after Hindenburg issued its report and its share worth plummeted.

Opposition lawmakers blocked parliamentary proceedings final month demanding a probe into the enterprise dealings of coal tycoon Gautam Adani, who is alleged to take pleasure in shut ties with Prime Minister Narendra Modi.