Authority: Supreme Court of India
Order Date: 3 September 2026
Case Overview
- Parties: Securities and Exchange Board of India (appellant) vs. National Stock Exchange of India Limited (respondent).
- The dispute concerned pending matters under the Securities and Exchange Board of India (Settlement Proceedings) Regulations, 2018.
- SEBI issued demand notices on 30 July 2026; NSE complied by making the full payment on 31 July 2026 as per the joint settlement note signed by Vishal Anand.
- The joint note states that all disputes between SEBI and NSE are settled and no further disputes survive between them.
- The Court noted that while the settlement resolves the specific appeals (Nos. 6471/2023 and 4273/2024), questions of law arising from the case remain open.
Final Outcome
- Civil Appeal No.6471 of 2023 and Civil Appeal No.4273 of 2024 are disposed of in accordance with the settlement, with the legal questions left open.
- Remaining related appeals (Nos.6472‑6478 of 2023 and 4274‑4286 of 2024) are not affected and will be listed for hearing on 9 September 2026.
Topics: Regulatory Settlement, Capital Markets Dispute