Dhanera Diamonds' SLP Dismissed by Supreme Court

Authority: Supreme Court of India

Order Date: 01-10-2026

Petitioner: Dhanera Diamonds
Respondents: Securities and Exchange Board of India (SEBI) & others
Petition Number: Special Leave to Appeal (C) No. 24881/2026
Origin: Impugned final judgment and order dated 24-06-2026 in WP No. 4930/2024 passed by the High Court of Judicature at Bombay.
Intervention Applications: IA No. 208952/2026 (exemption from filing C/C of the impugned judgment), IA No. 208950/2026 (exemption from filing O.T.), IA No. 243125/2026 (intervention application).
Hearing Date: 01-10-2026.
Bench (Coram): Hon'ble Mr. Justice Sanjay Kumar and Hon'ble Mr. Justice Sanjeev Sachdeva.
Counsel for Petitioner: Dr. A M Singhvi (Sr. Adv.), Mr. Arvind Lakhawat, Mr. Rishabh Sancheti, Ms. Padmapriya, Mr. Nishant Kumar, Mr. Aquib Ali Khan, Ms. Devanshi Sancheti, Mr. Dhaval Gaur, Mr. K. Paari Vendhan (AOR).
Counsel for Respondents: Mr. Navin Pahwa (Sr. Adv.), Mr. Amarjit Singh Bedi, Ms. Surekha Raman, Mr. Shreyash Kumar, Mr. Sidharth Nair, Mr. Harshit Singh, Mr. Yashwant Sanjenbam, K J John And Co (AOR), Mr. Mukul Rohatgi (Sr. Adv.), Mr. Dhruv Mehta (Sr. Adv.), Mr. Sameer Pandit, Ms. Sarrah Khambati, Ms. Apoorva Kaushik, Mr. Uday Mathur, among others.

Order

The Court, after hearing senior counsel for both parties, observed that there was "no good ground and reason to interfere with the impugned judgment passed by the High Court."
Consequently, the Special Leave Petition is dismissed.
The Court directed that any pending applications, if any, shall stand disposed of.

The petition seeking special leave to appeal the High Court’s decision is rejected, leaving the High Court’s 24‑Jun‑2026 judgment intact.
All pending exemption and intervention applications related to the case are ordered to be disposed of.

Topics: Regulatory Enforcement, Capital Markets