Authority: Supreme Court of India (Civil Appellate Jurisdiction)
Order Date: 18 September 2026
Case Overview
- Parties: Securities Exchange Board of India (appellant) vs. National Stock Exchange of India Limited and others (respondents).
- The dispute pertained to matters addressed in Civil Appeal No.1692/2023 and Civil Appeal No.6371/2023, governed by the Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018.
- SEBI issued demand notices on 30 July 2026 for settlement payment.
- NSE complied by making the entire demanded payment on 31 July 2026, thereby satisfying all pending disputes.
- The settlement was documented in a joint note submitted by SEBI and NSE, confirming that no further disputes survive between the two entities.
- The Court heard senior counsel for both sides and noted the settlement.
Final Outcome
- Civil Appeal No.1692 of 2023 and Civil Appeal No.6371 of 2023 are disposed of, with all questions of law kept open.
- Civil Appeals Nos.1693‑1694 of 2023 and Nos.6372‑6373 of 2023, involving other respondents, remain alive; their questions of law are also kept open.
- The remaining appeals are scheduled to be listed after four weeks.
- The order was signed by Justices J. B. Pardiwala and K. Vinod Chandran.
Topics: Regulatory Settlement, Supreme Court Order