Case Name: Petition for Special Leave to Appeal (C) No. 18384/2026 (arising out of impugned final judgment and order dated 22‑Apr‑2026 in WRITC No. 9902/2025).
Petitioner: M/S Sahara India Commercial Corporation Ltd.
Respondent(s): State of Uttar Pradesh & Others.
Court: Supreme Court of India, Court No. 6, Section XI.
Hearing Date: 25‑May‑2026.
Order Date (Signature): 27‑May‑2026.
Related Applications: IA No. 159495/2026 (exemption from filing C/C of the impugned judgment), IA No. 159496/2026 (exemption from filing O.T.), and reference to I.A.No. 232665 of 2025 in Contempt Petition (C) No. 412 of 2012.
Parties Involved
Petitioner: Sahara India Commercial Corporation Ltd.
Respondents: State of Uttar Pradesh and other respondents.
Standing Counsel for SEBI: To be served a copy of the Special Leave Petition as directed by the Court.
Counsel for Petitioner: Mr. C.A. Sundaram, Sr. Adv.; Mr. Gautam Awasthi, AOR; Mr. B.M. Tripathi, Adv.; Mr. Ayush Choudhary, Adv.; Mr. Piyush Aggarwal, Adv.; Mr. Rahul Tripathi, Adv.; Mr. Devanshu Yadav, Adv.; Mr. Sameer Pandey, Adv.; Ms. Chandni Sharma, Adv.; Mr. Sahil Sharma, Adv.; Mr. Vijay Kumar, Adv.; Mr. Divyanshu Mani Tripathi, Adv.; Mr. V. Kandha Prabhu, Adv.; Ms. Dhatri Singh, Adv.; Mr. Y. Lokesh, Adv.
Counsel for Respondent(s): Mr. Sanjay Bhasin, Sr. Adv.; Mr. Sarvesh Kumar Dubey, Adv.; Ms. Eshita Bhasin, Adv.; Mr. P. V. Yogeswaran, AOR; Ms. Anchal Mishra, Adv.; Mr. Pankaj Srivastava, Adv.; Mr. V. Kandha Prabhu, Adv.; Ms. Dhatri Singh, Adv.; Mr. Y. Lokesh, Adv.
Issues / Allegations / Violations
The petition challenges the validity of the High Court’s final judgment and order dated 22‑Apr‑2026 in WRITC No. 9902/2025. Specific allegations or violations are not detailed in the excerpt.
The petitioner also seeks exemption from filing certain documents (C/C and O.T.) as indicated by IA No. 159495/2026 and IA No. 159496/2026.
Findings & Observations
The excerpt does not contain substantive findings or legal reasoning; the Court issued procedural directions.
Penalties / Settlements / Directions
Direction 1: The matter shall be posted before the appropriate Bench handling I.A.No. 232665 of 2025 in Contempt Petition (C) No. 412 of 2012.
Direction 2: A copy of the Special Leave Petition must be served on the standing counsel for SEBI forthwith.
Corrective Actions & Future Obligations
The petitioner must ensure the case is transferred to the Bench dealing with the referenced contempt petition.
SEBI’s standing counsel must receive the Special Leave Petition copy promptly, enabling any regulatory response.
Final Ruling & Enforcement
The Supreme Court’s order consists of the two procedural directives above, signed by Registrar‑cum‑PS Assistant Registrar (Jayant Kumar Arora) on 27‑May‑2026.
No substantive judgment on the merits of the petition is rendered in this excerpt; further proceedings will follow as per the directions.
