Authority: Supreme Court of India
Order Date: 09-09-2026
Case Overview
- Civil Appeal No.18118/2017 filed by Sudarshan Walia & Ors. against Securities and Exchange Board of India (SEBI).
- The matter involved numerous related Court Applications (C.A.) and Interlocutory Applications (I.A.) spanning 2017‑2025, including C.A. Nos.10683/2018, 11839/2018 and I.A. Nos.46950/2025, 48096/2025 among others.
- Counsel for the appellants, Mr. Abhishek Singh (advocate‑on‑record), sought discharge of the two C.A.s; counsel for the respondent, Mr. Abhishek Baid and others, appeared for SEBI.
- The bench comprised Hon’ble Mr. Justice Dipankar Datta and Hon’ble Mr. Justice Sheel Nagu.
Final Outcome
1. The court allowed Interlocutory Applications IA No.46950/2025 and IA No.48096/2025.
2. It directed that fresh notices be issued to the appellants in C.A. No.10683/2018 and C.A. No.11839/2018.
3. The appeals were ordered to be re‑listed for hearing after a period of two weeks.
4. The appellants’ request for discharge of the two C.A.s was not granted.
Topics: Regulatory Litigation, Securities Market