Supreme Court Condones SEBI Appeal Delay

Authority: Supreme Court of India

Order Date: 26-10-2026

Case Overview

• Parties: Securities and Exchange Board of India (SEBI) as appellant; Prakash Ganpat Utekar as respondent.
• Origin: Civil Appeal Diary No. 49522/2026 challenging the final judgment and order dated 15‑06‑2026 in SAT AP Nos. 371/2025, 372/2026 and 374/2025.
• Bench: Hon’ble Justice S.V.N. Bhatti and Justice N.V. Anjaria.
• Counsel for SEBI: Mr. Venkataraman, A.S.G.; Mr. Amarjit Singh Bedi; Adv. Surekha Raman; Adv. Shreyash Kumar; Adv. Sidharth Nair; Adv. Harshit Singh; Adv. Yashwant Sanjenbam; K J John & Co.
• Counsel for respondent: not listed.

Order Details

1. The Court condoned the delay in refiling the appeal.

2. The Court directed that a notice be issued to the respondent, with the matter returnable on 06‑01‑2027.

Final Outcome

• The appeal may proceed despite the filing delay; the respondent must respond to the notice by the specified returnable date.

Topics: Securities Regulation, Court Order