Rakesh Gupta Appeal Dismissed by Supreme Court

Authority: Supreme Court of India

Order Date: 16 September 2026

Case Overview

• Parties: Appellant Rakesh Kumar Gupta vs. Securities and Exchange Board of India (SEBI) & others.
• Origin: Appeal filed against the impugned final judgment and order dated 18‑09‑2025 in AN No. 419/2025 passed by the Securities Appellate Tribunal, Mumbai.
• Related Applications: IA No. 139903/2026 (condonation of delay in filing), IA No. 139906/2026 (condonation of delay in refiling/curing defects), IA No. 139897/2026 (ex‑parte stay).
• Counsel: For petitioner – Mr. Deshmukh Adith Satish (AOR); for respondents – M/S Ads Legal, AOR Mr. Dhaval Mehrotra, Adv. Ms. Aditi Desai, Adv. Ms. Rupali Manjharia.

Final Outcome

• The Court granted permission to withdraw the appeal; the appeal stands dismissed as withdrawn.
• All pending accompanying applications, if any, are ordered to stand disposed of.

Topics: Securities Regulation; Supreme Court Decision