Authority: Supreme Court of India

Order Date: 23-07-2026

Case Overview

  • Appeal No. 2028/2022 filed by Securities and Exchange Board of India (SEBI) against National Stock Exchange of India Limited (NSE) seeking exemption from filing copy of the impugned judgment and a stay of the same.
  • Applications identified as IA No. 39058/2022 (exemption) and IA No. 39057/2022 (stay).
  • The matter was listed before a two‑judge bench comprising Justice Vikram Nath and Justice Sandeep Mehta.
  • Counsel for SEBI: Mr. Abhishek Baid, Mr. Mohit Kumar Bafna, Mr. Anup Jain, Mr. Ashok Kumar Jain, and M/s Expletus Legal (AOR). Counsel for NSE: M/s Cyril Amarchand Mangaldas, AOR Mr. Nikhil Varshney, Ms. Sara Sundaram, Mr. Nikhil Kansal, Mr. Vikash Kumar Jha.

Final Outcome

  • The Court granted the respondent’s request for adjournment and postponed the hearing for four weeks, with no substantive order on the pending applications.

Topics: Court Proceedings, Securities Regulation