Petition for Special Leave to Appeal (C) Nos. 17043‑44/2026, 17358‑59/2026, 17521‑22/2026 (IX) filed by Bharat Nidhi Limited.
Originating from impugned final judgment and order dated 25‑03‑2026 in IA No. 40029/2025 and IA No. 40053/2025 passed by the High Court of Judicature at Bombay.
Heard by the Supreme Court of India, Court No.6 Section IX, on 22‑05‑2026.
Bench: Hon'ble Mr. Justice Pamidighantam and Hon'ble Mr. Justice Narasimha.
Parties Involved
Petitioner: Bharat Nidhi Limited.
Respondents: Securities and Exchange Board of India (SEBI) & others.
Counsel for Petitioners: Senior Advocates Gopal Sankaranarayanan, Dr. Abhishek Manu Singhvi, and a team of advocates.
Counsel for Respondents: Advocates Kunal Katariya, Saket Sikri, C.A. Sundaram, among others.
The petitioners sought special leave to appeal the Bombay High Court’s order dated 25‑03‑2026, alleging that the High Court’s decision was erroneous or unjustified.
Specific grounds of challenge, alleged breaches, or statutory violations were not detailed in the order.
Findings & Observations
The Supreme Court observed that it was not inclined to interfere with the impugned order(s) passed by the High Court.
No substantive legal reasoning or analysis of the High Court’s judgment was provided beyond the decision to dismiss the petitions.
Penalties / Settlements / Directions
No monetary penalties, disgorgement, or settlement terms were imposed.
The Special Leave Petitions were dismissed.
Any accompanying interlocutory applications, if filed, were ordered disposed of.
Corrective Actions & Future Obligations
No corrective actions, compliance measures, or future reporting obligations were stipulated.
Final Ruling & Enforcement
The Supreme Court dismissed the Special Leave Petitions (Nos. 17043‑44/2026, 17358‑59/2026, 17521‑22/2026) and ordered disposal of any interlocutory applications.
The order was recorded on 22‑05‑2026 and signed by the Court Master, Kapil Tandon, and Nidhi Wason.
