Authority: Supreme Court of India
Order Date: 23 September 2026
Case Overview
- Parties: Oriental Trimex Limited & others (Appellants) vs. Securities and Exchange Board of India (SEBI) (Respondent).
- Civil Appeal No.11196/2026 filed seeking exemption from filing O.T. and a stay; also included pending applications (IA No. 252711/2026 and IA No. 252709/2026).
- Hearing recorded on 22 September 2026 before Hon'ble Justices J.B. Pardiwala and K. Vinod Chandra.
- Counsel for appellants: Senior Advocate Siddharth Bhatnagar, Yasharth Kant, Tanvi, Ananya Nair, Riya Shankar Sharma, Sonal Kushwah, Abhinav Sharma.
- Counsel for respondent (SEBI): Senior Advocate Navin Pahwa, Dhaval Mehrotra, Aditi Desai, and representatives of M/s ADS Legal.
- The Court examined the materials and noted that the appeal is pending before the Securities Appellate Tribunal (SAT) for a hearing scheduled on 8‑10‑2026.
Order Details
1. The exemption application filed by the appellants is allowed.
2. The Court will not interfere with the discretionary order previously passed by the SAT.
3. The appeal pending before the SAT shall be heard on its merits on 8 October 2026 in accordance with law.
4. The appeal is hereby disposed of.
5. Any pending applications, if any, are also ordered to be disposed of.
6. The order was digitally signed by Vishal Anand on 23‑09‑2026 at 17:14:40 IST (signature not verified).
Final Outcome
- The Supreme Court dismissed the appeal, upheld the SAT’s discretion, and directed the Tribunal to proceed with a merits hearing on 8 Oct 2026; all pending applications were also closed.
Topics: Regulatory Appeal, Securities Litigation