Authority: Supreme Court of India
Order Date: 09 October 2026
Case Overview
- Parties: Appellant – Katalyst Software Services Ltd. & others; Respondent – Securities and Exchange Board of India (SEBI) & others.
- Proceedings: Civil Appeal No.13075/2026 filed against the order dated 03.08.2026 passed by the Securities Appellate Tribunal (SAT), Mumbai, in Appeal No.508 of 2025.
- Hearing: Conducted on 09‑10‑2026 before a two‑judge bench comprising Hon'ble Mr. Justice J.B. Pardiwala and Hon'ble Mr. Justice K. Vinod Chandran.
- Counsel for Appellant: Sr. Adv. Nikhil Nayyar, Adv. Naveen Hegde (AOR), Adv. Subham Jain.
- Counsel for Respondent: Sr. Adv. Navin Pahwa, Adv. Abhishek Baid, Adv. Mohit Kumar Bafna, Adv. Praneet Das, Adv. Ravinder Kumar, Adv. Anup Jain, Adv. Ashok Kumar Jain, Expletus Legal (AOR), Ms. Aarthi Rajan (AOR), Adv. S. Santanam Swaminadhan, Adv. Abhilasha Shrawat, Adv. Kartik Malhotra, Adv. Aman Rawat, Adv. Manasigauri Agrawal, Adv. Ananya Kukreti.
- Pending Applications: IA No. 292556/2026 (Permission to file additional documents/facts/annexures) and IA No. 291048/2026 (Stay application).
Final Outcome
- The Supreme Court dismissed the appeal, stating it is not inclined to interfere with the SAT order dated 03‑08‑2026.
- All pending applications, if any, were ordered disposed of.
Topics: Regulatory Appeal, Capital Markets