SC Dismisses SLP vs National Spot Exchange

Authority: Supreme Court of India

Order Date: 16-10-2026

Case Overview

• Petition: Special Leave Petition (Criminal) No.18607/2026 filed by Jagmohan Garg challenging the final judgment and order dated 18-08-2026 passed by the High Court of Judicature at Bombay in AN No.1690/2024.
• Respondents: National Spot Exchange Ltd. and others.
• Counsel for petitioner: Mr. Prem Prakash (AOR), Mr. Nitin Rai (Senior Advocate), Mr. Vijay Kumar Singh, Ms. Shruti Manchanda, Mr. Varun Varma, and others.
• Counsel for respondents: Mr. Prashant Khari, Mr. Dilip Shukla, Mr. Hitesh Kumar Sharma, Mr. T. Hari Hara Sudhan (AOR), Mr. Akhileshwar Jha, Mr. Anupam Kumar, among others.
• Hearing: Conducted before a two‑judge bench comprising Hon’ble Mr. Justice J.B. Pardiwala and Hon’ble Mr. Justice K. Vinod Chandran on 16‑10‑2026.

Final Outcome

• The Court declined to interfere with the impugned common judgment of the High Court.
• Both Special Leave Petitions are dismissed; the question of law is left open.
• Any pending applications, if any, are ordered to stand disposed of.

Topics: Legal Decision, Capital Markets Regulation