Authority: Supreme Court of India
Order Date: 03 Oct 2026
Case Overview
- Appeal Nos. 8009‑8010/2026 filed by Securities and Exchange Board of India (SEBI) against Excel Realty N Infra Ltd and others, seeking a stay.
- Hearing held on 01 Oct 2026 before a two‑judge bench of Justice Sanjay Kumar and Justice Sanjeev Sachdeva.
- SEBI’s senior counsel, Navin Pahwa, requested additional time to file rejoinders to counter‑affidavits filed by respondents Nos. 1‑5 and respondents Nos. 6‑7.
- Respondents were represented by senior counsel Ritin Rai and a team of advocates.
Final Outcome
- The Court directed that the rejoinders be filed well before the next hearing.
- The matter was re‑listed for 14 Dec 2026.
- No substantive decision on the stay was rendered; the order is procedural.
Topics: Court Proceedings, Regulatory Stay Application