Authority: Supreme Court of India
Order Date: 04-08-2026
Case Overview
- Petitioners: Ashok Dayabhai Shah & Ors.
- Respondents: Securities and Exchange Board of India (SEBI) & Ors.
- Civil Appeal No. 6462/2026 arising from impugned final judgment and order dated 17-12-2024 in MA No. 421/2024 and 05-12-2025 in RA No. 5/2025 passed by the Securities Appellate Tribunal, Mumbai.
- Application IA No. 46922/2026 sought condonation of delay in filing the appeal.
- Counsel for petitioners included Sr. Adv. C.A. Sundaram, Adv. Saket Sikri, Adv. Divyam Agarwal, Adv. Arti Raghavan, Adv. Aniket Aggarwal, Adv. Samreen Fatima, Adv. Priya Chauhan, Adv. Juan D'Souza, among others.
- Counsel for respondents comprised Sr. Adv. Pratap Venugopal, Adv. Surekha Raman, Adv. Amarjit Singh Bedi, Adv. Shreyash Kumar, Adv. Sidharth Nair, Adv. Yashwant Sanjenbam, Adv. Harshit Singh, M/S. K J John And Co, AOR Dr. Abhishek Manu Singhvi, Sr. Adv. Venkatesh Dhond, Sr. Adv. Manu Nair, Adv. Ameya Gokhale, Adv. Rishabh Jaisani, and additional senior counsel.
- Bench: Hon'ble Mr. Justice Pamidighantam, Hon'ble Mr. Justice Sri Narasimha, Hon'ble Mr. Justice Alok Aradhe.
Final Outcome
- The Court granted condonation of delay and ordered that the matter be listed for hearing on 18-08-2026.
Topics: Regulatory Appeal, SEBI