Supreme Court Dismisses Stay, Akruti Nimriti Appeal

Authority: Supreme Court of India

Order Date: 30 September 2026

Case Overview

• Parties: The Whole Time Member (Appellant) vs. Akruti Nimriti Limited and others (Respondents).
• Civil Appeal Nos. 7991‑7993/2026 were filed for final disposal; the matter was called for hearing on 29‑09‑2026.
• Counsel for the appellant included senior advocates Chander Uday Singh, Amarjit Singh Bedi, among others; counsel for the respondents included senior advocate Zoheb Hussain and a team of junior advocates.
• The appellant sought a stay (IA No. 157333/2026) pending the disposal of the appeals.
• The Court, after hearing counsel, considered the pending directions of the Securities Appellate Tribunal (SAT) that the appellant must comply with.

Final Outcome

1. The Supreme Court admitted the Civil Appeals for hearing.

2. The stay application (IA No. 157333/2026) was dismissed.

3. The appellant was directed to implement the directions issued by the Securities Appellate Tribunal while the appeals remain pending.

Topics: Regulatory Enforcement, Capital Markets