Authority: Supreme Court of India

Order Date: 13 July 2026

Case Overview

  • Parties: Securities and Exchange Board of India (SEBI) as appellant; Ritman Infra Limited and other respondents.
  • Bench: Hon'ble Mr. Justice Dipankar Datta and Hon'ble Mr. Justice Sheel Nagu.
  • Counsel for Appellant: Mr. Sanjay Kapur (AOR), Mr. Surya Prakash, Ms. Shubhra Kapur, Ms. Mahima Kapur, Mr. Pratap Venugopal, Mr. Amarjit Singh Bedi, Ms. Surekha Raman, Mr. Shreyash Kumar, Mr. Sidharth Nair, Mr. Harshit Singh, Mr. Yashwant Sanjenbam, K J John & Co., Mr. Chander Uday Singh, Mr. Abhishek Singh, K Ashar & Co.
  • Counsel for Respondents: Mr. Ashim Sood, Mr. Mayank Pandey (AOR), Mr. Ekansh Gupta, Mr. Arun K. Sinha (AOR), Mr. Rakesh Singh, Mr. Sumit Sinha, Mr. Lakshmeesh S. Kamath (AOR), Mrs. Samriti Ahuja, Ms. Aditi Prakash, Ms. Anushka Singhal, Mr. Chander Uday Singh, Mr. Abhishek Singh, K Ashar & Co., Mr. Sanjay Kapur (AOR), Mr. Surya Prakash, Ms. Shubhra Kapur, Ms. Mahima Kapur, Mr. Anand Varma (AOR), Ms. Apoorva Pandey, Mr. Pushpam, Mr. Joel (AOR), Mr. Abhishek, Mr. Vishwa Pal Singh (AOR), Mr. Mukesh Kumar, Mr. Anurag Nagar, Mr. Srajan Shankar Kulshreshtha, Mr. Akash.
  • Applications before the Court:
  • IA No.112656/2020 – Exemption from filing copy/copies of the impugned judgment.
  • IA No.47810/2022 – Intervention application.
  • IA No.112655/2020 – Stay application.
  • C.A. No.1338/2022 (XVII) – IA No.22759/2022 – Exemption from filing copy/copies of the impugned judgment.
  • IA No.22757/2022 – Stay application.
  • C.A. No.1525/2021 (XVII) – IA No.53109/2021 – Exemption from filing affidavit.
  • IA No.53108/2021 – Exemption from filing copy/copies of the impugned judgment.
  • IA No.53107/2021 – Stay application.
  • C.A. No.3049-3061/2020 (XVII) – IA No.85390/2020 – Exemption from filing copy/copies of the impugned judgment.
  • IA No.85389/2020 – Stay application.
  • C.A. No.4242/2020 (XVII) – IA No.137134/2020 – Exemption from filing copy/copies of the impugned judgment.
  • IA No.137137/2020 – Stay application.
  • C.A. No.423/2021 (XVII) – IA No.89832/2021 – Exemption from filing affidavit.
  • IA No.20781/2021 – Exemption from filing copy/copies of the impugned judgment.
  • IA No.24932/2021 – Permission to file additional documents/facts/annexures.
  • IA No.20780/2021 – Stay application.
  • C.A. No.420/2021 (XVII) – IA No.20612/2021 – Ex‑parte stay.
  • IA No.95310/2021 – Exemption from filing affidavit.
  • IA No.20613/2021 – Exemption from filing copy/copies of the impugned judgment.
  • IA No.24914/2021 – Permission to file additional documents/facts/annexures.
  • C.A. No.424/2021 (XVII) – IA No.54490/2021 – Exemption from filing affidavit.
  • IA No.20794/2021 – Exemption from filing copy/copies of the impugned judgment.
  • IA No.24953/2021 – Permission to file additional documents/facts/annexures.
  • IA No.20792/2021 – Stay application.
  • C.A. No.1549/2021 (XVII) – IA No.54185/2021 – Exemption from filing affidavit.
  • IA No.54183/2021 – Exemption from filing copy/copies of the impugned judgment.
  • IA No.54180/2021 – Stay application.
  • C.A. No.1619/2021 (XVII) – IA No.55843/2021 – Exemption from filing affidavit.
  • IA No.55840/2021 – Exemption from filing copy/copies of the impugned judgment.
  • IA No.55838/2021 – Stay application.
  • The Court noted the extensive procedural applications and, after hearing counsel, directed that the appeals be listed for hearing on 22 July 2026.

Final Outcome

  • The Supreme Court ordered that the appeals in Civil Appeal No.2825/2020 be listed on 22 July 2026, thereby fixing the next hearing date.

Topics: Regulatory Litigation, Capital Markets