Authority: Supreme Court of India

Order Date: 23-09-2026

Case Overview

  • Civil Appeal No. 71/2026 filed by the Insurance Regulatory and Development Authority of India (IRDAI) against SMC Insurance Brokers Pvt. Ltd.
  • Multiple stay applications were listed: IA No. 8092/2026, C.A. No. 93/2026 (IA No. 5276/2026), C.A. No. 73/2026 (IA No. 8252/2026), C.A. No. 129/2026, and C.A. No. 163/2026.
  • The matter was heard before a two‑judge bench comprising Hon'ble Mr. Justice J.B. Pardiwala and Hon'ble Mr. Justice K. Vinod Chandran.
  • Counsel for the appellant (IRDAI): Mr. N. Venkatraman, A.S.G., and Mr. Mayank Sapra, AOR.
  • Counsel for the respondent (SMC Insurance Brokers): a large panel including Mr. Sandeep Bajaj, Mr. Soayib Qureshi, Mr. Mayank Biyani, Mr. Harshvardhan, Mr. Harsh Pandey, Mr. Tanishkka Kapoor, Mr. Shreyas Jain, Mr. Manish Kumar, AOR Mr. S. S. Shroff, AOR Mr. Sanjay Jain, Sr. Adv. Mr. Gopal Jain, Sr. Adv. Mr. Abhinav Mukerji, Sr. Adv. Mr. Ajit Warrier, Adv. Mr. Ajit Warrrier, Adv. Mr. Angad Kochhar, Adv. Mr. Uday Opal, Adv. Mr. Aditya Sarin, Adv. Ms. Akanksha Dhyani, Adv. Mr. Rishabh Airi, Adv. Ms. Harshita Sukhija, Adv. Ms. Rishika Agrawal.

Final Outcome

  • The Court ordered that the matter be listed for further hearing on 14‑10‑2026.
  • The Court directed that pleadings be completed in the interim.
  • The matter shall retain its current position in the docket.

Topics: Regulatory Stay, Insurance Sector