After the Supreme Court decision on Adani-Hindenburg petitions, the Securities and Exchange Board of India (Sebi) has released a broad framework for Short Selling. Refusing the petitions, the apex court had asked Sebi to find out whether there was a loss suffered by Indian investors after Hindenburg's report on the Adani group. In the broad framework, Sebi has defined “Short Selling” as selling a stock which the seller does not own at the time of trade and added that all classes of investors, viz., retail and institutional investors, are permitted to short sell. But it barred naked short selling in the Indian securities market and accordingly, all investors have been asked to mandatorily honour their obligation of delivering the securities at the time of settlement.