Authority: Supreme Court of India, Civil Appellate Jurisdiction
Order Date: 19 August 2026
Case Overview
- Parties: Multibagger Securities Research and Advisory Pvt. Ltd & Ors. (Appellants) vs. Securities and Exchange Board of India (Respondent).
- Civil Appeal: No(s) … of 2026, Diary No. 17808/2026.
- Origin: Appeal arises from impugned final judgment and order dated 15‑12‑2025 in RA No. 02/2025 and 24‑01‑2025 in AN No. 103/2023 passed by the Securities Appellate Tribunal (SAT), Mumbai.
- Interim Applications: IA No. 136813/2026 (condonation of delay) and IA No. 136804/2026 (grant of interim relief).
- Hearing Details: Heard on 19‑08‑2026 before Hon’ble Mr. Justice J.B. Pardiwala and Hon’ble Mr. Justice K. Vinod Chandra.
- Counsel for Appellants: Mr. Devashish Tiwari, AOR Mr. Ramji Srinivasan, Sr. Adv. Ms. Shefali Munde, Adv. Mr. Siddharth Dixit, Adv. Mr. Chaitanya Sharma.
- Counsel for Respondent: Not listed.
- Registrar: Chandresh (Astt. Registrar‑cum‑PS Court Master, NSH) signed the order; digital signature dated 2026.08.22 18:37:25 IST (Signature Not Verified).
Final Outcome
1. Delay in filing the appeal is condoned.
2. The Court finds no good ground to interfere with the orders of the SAT and dismisses the appeals.
3. Any pending applications, if any, stand disposed of.
4. The signed order is placed on file.
Topics: Regulatory Enforcement, Capital Markets Litigation