The Congress on Friday hit out at market regulator SEBI over its investigation against the Adani Group, alleging that India's institutions are "failing" its people under the Modi government and asserting that only a JPC could bring out the truth in the matter, reported news agency PTI.

The Opposition party has been questioning the financial dealings of billionaire Gautam Adani's Group after US research firm Hindenburg alleged "irregularities" and charged it with stock price manipulation. The Adani Group has denied all the allegations made in the Hindenburg report and claimed there had been no wrongdoing on its part.