Supreme Court Dismisses NSEL Petition

Authority: Supreme Court of India

Order Date: 12-08-2026

Case Overview

• Petitioner: National Spot Exchange Limited (NSEL) filed Special Leave Petition (Criminal) Diary No. 37177/2026, arising from the impugned judgment and order dated 27‑03‑2026 of the Bombay High Court in CRRA No. 504/2024.
• Respondents: Central Bureau of Investigation – Bank Securities and Fraud Cell & others.
• The petition sought condonation of delay in refiling/curing defects and challenged the High Court order.
• The matter was heard before a bench comprising the Chief Justice, Justice Joymalya Bagchi and Justice V. Mohana on 12‑08‑2026. Counsel for the petitioner included Dr. Abhishek Manu Singhvi, Sr. Adv. Siddhartha Dave, Sr. Adv. Vikas Pahwa, Sr. Adv. Ranjan Kumar Pandey, AOR Mr. Sandeep Bisht, Adv. Manish Kumar, Adv. Sahil Nindawat.

Final Outcome

1. Delay in refiling/curing defects was condoned.

2. The Court found no ground to interfere with the High Court order and dismissed the Special Leave Petition.

3. Any pending applications, if any, were ordered to stand closed.

The order was digitally signed by Registrar‑cum‑PS Dy. Registrar NITIN TALREJA on 2026.08.12 at 16:26:21 IST.

Topics: Legal; Regulatory Enforcement