Authority: Supreme Court of India
Order Date: 13 July 2026
Case Overview
- Petitioner: Securities and Exchange Board of India (SEBI).
- Respondent: Subrata Roy Sahara and others.
- The matter involves a multitude of applications (intervention, exemption, clarification, permission, etc.) listed with IA numbers ranging from 147567/2023 to 293420/2025.
- Amicus Curiae Mr Shekhar Naphade was engaged to classify these pending applications.
- He grouped the applications into six distinct categories and placed the categorisation on record via an index.
Final Outcome
- The Court ordered that the first category, "Applications for Monetary claims of employees," be listed for hearing on 20 July 2026 at 02:00 pm.
- The hearing will be before a Special Bench to be constituted by the Chief Justice of India.
- The Court directed the Amicus Curiae to furnish a list of all applications falling under Category 1 so they can be scheduled on the specified date.
Topics: Legal Proceedings, Employee Monetary Claims, Regulatory Enforcement