Sahara India Delay Condoned by Supreme Court

Authority: Supreme Court of India

Order Date: 03-09-2026

Case Overview

• Parties: Sahara India Commercial Corporation Limited (Petitioner) vs Securities and Exchange Board of India & others (Respondents).
• Origin: Appeal arises from the impugned final judgment and order dated 09-03-2026 in AN No.250/2019 passed by the Securities Appellate Tribunal, Mumbai.
• Applications before the Court: IA No.252679/2026 (condonation of delay in filing), IA No.254957/2026 (condonation of delay in refiling/curing defects), IA No.254959/2026 (stay application).
• Counsel: Petitioner's senior advocate Kapil Sibal and team of advocates; Respondent's senior advocate Arvind P. Datar and team of advocates.
• Bench: Hon’ble Mr. Justice M.M. Sundresh and Hon’ble Mr. Justice Satish Chandra Sharma.

Final Outcome

• The Court condoned the delays in all three interim applications.
• The appeal was admitted and tagged with Civil Appeal No.8046/2026, permitting the proceedings to continue.

Topics: Regulatory Enforcement, Capital Markets