Authority: Supreme Court of India, Civil Appellate Jurisdiction

Order Date: 5 October 2026

Case Overview

  • Parties: Mirage Marble Private Limited & Ors (Appellants) vs Securities and Exchange Board of India (SEBI) (Respondent).
  • Civil Appeal No.: 13091/2026; related Stay Application IA No. 292364/2026.
  • Background: The appellants challenged an order of the Securities Appellate Tribunal (SAT) issued in Misc. Application No. 691 of 2026, Appeal No. 126 of 2026, seeking admission and relief against SEBI.
  • Counsel for Appellants: Mr. Yasharth Kant (AOR), Ms. Tanvi Saran, Adv., Ms. Sonal Kushwah, Adv., Mr. Abhinav Sharma, Adv.
  • Counsel for Respondent: Not specified in the record.
  • Hearing Details: The matter was called for hearing on 5 October 2026 before a bench comprising Hon'ble Mr. Justice J.B. Pardiwala and Hon'ble Mr. Justice K. Vinod Chandra.

Order Details

1. The Court held that it should not interfere with the impugned order passed by the Securities Appellate Tribunal, Mumbai, in Misc. Application No. 691 of 2026, Appeal No. 126 of 2026.

2. The Court was informed that the appeal pending before the SAT is scheduled for hearing on 8‑10‑2026.

3. The SAT was directed to proceed to hear the appeal on its own merits in accordance with law.

4. Accordingly, the Supreme Court disposed of the appeal.

5. Any pending applications, if any, were also ordered to stand disposed of.

Final Outcome

  • The Supreme Court dismissed the appeal filed by Mirage Marble Private Limited & Ors, leaving the SAT’s order intact and ordering disposal of all pending applications.

Topics: Court Decision, SEBI Enforcement, Securities Appellate Tribunal