SECURITIES AND EXCHANGE BOARD OF INDIA Versus IL AND FS SECURITIES SERVICES LTD. AND ORS. AFFIDAVIT INTERVENTION/IMPLEADMENT INTERVENTION/IMPLEADMENT (C.A. 5395/2019)

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Reading · C.A. 5395/2019

Case Record

C.A. 5395/2019

SECURITIES AND EXCHANGE BOARD OF INDIA Versus IL AND FS SECURITIES SERVICES LTD. AND ORS. AFFIDAVIT INTERVENTION/IMPLEADMENT INTERVENTION/IMPLEADMENT

HON'BLE THE CHIEF JUSTICE · HON'BLE MR. JUSTICE JOYMALYA BAGCHI · HON'BLE MR. JUSTICE VIPUL M. PANCHOLI

C.A.Appellate relief Civil appeals

39 PDF renditions· 39 distinct judicial orders· 38 verified locally

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8Important Paragraphs
6Legal Principles
12Authorities
47Similar Cases

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What Happened

SECURITIES AND EXCHANGE BOARD OF INDIA Versus IL AND FS SECURITIES SERVICES LTD. & ORS.. C.A. 5395/2019 in the Supreme Court of India, CNR SCIN010236512019. Status on the court record: PENDING. This page is written from 38 order document(s) downloaded for this case, dated 10 July 2019 to 13 April 2023.

On 10 July 2019 the order records: List on 12.07.2019, subject to curing of defects. (Anand Prakash) (Sarita Purohit) Branch Officer AR-cum-PS **Mentioning slip is attached with R/P.
On 27 August 2019 the order records: Permission to file appeal is granted. We have heard learned counsel for the parties and in view of the urgency and consequences explained, we are inclined to pass the following interim directions:
On 16 March 2021 the order records: The Interim Application stands disposed of in terms of the signed order. The operative part of the signed order reads as under:
On 14 September 2021 the order records: A request for adjournemnt has been made by Ms. Gauri Rasgotra, learned counsel appearing on behalf of respondent no. 1 which is opposed by the applicant as it is stated that the matter is urgent. By consent of the learned counsel for the parties, list on (ARJUN BISHT) (PRADEEP KUMAR) (ASHWANI THAKUR) (
On 21 September 2021 the order records: I.A No.84110/2021 This application has been filed by the appellant/respondent no.5/Dalmia Cements (Bharat) group (for short, “applicant/Dalmia”) seeking modification of the order dated 16.03.2021 passed by this Court, which in turn had modified the earlier order dated 27.08.2019. The offending portion of the order date
On 23 February 2022 the order records: IA No. 6482/2022 Learned counsel for the SEBI prays for and is granted two weeks time to file the counter affidavit to the application for modification after serving a copy of the same on other side. The applicant shall file rejoinder affidavit within one week thereafter. List on 05.04.2022.
On 5 April 2022 the order records: IA No.6482/2022 Heard Mr. Guru Krishna Kumar, learned senior counsel for the applicant, Mr. K.V. Viswanathan and Mr. Sidharth Luthra, learned senior counsel for IL AND FS Securities Services Ltd./respondent no.1, Mr. Pratap Venugopal, learned counsel for SEBI, Mr. Sandeep Bisht, learned counsel for the Allied Financial
On 29 March 2023 the order records: 1 List the civil appeals before this Bench on 14 April 2023 at the end of the Board.

Issues Before Court

The orders on this record do not frame issues for decision.

Procedural History

10 July 2019. List on 12.07.2019, subject to curing of defects. (Anand Prakash) (Sarita Purohit) Branch Officer AR-cum-PS **Mentioning slip is attached with R/P.
12 July 2019. List on 15.07.2019.
15 July 2019. Impleadment application is allowed. List on 13.08.2019.
13 August 2019. List on 26.08.2019. Pleadings should be complete by then.
26 August 2019. Heard learned counsel for the parties on interim prayer. Order reserved.
27 August 2019. Permission to file appeal is granted. We have heard learned counsel for the parties and in view of the urgency and consequences explained, we are inclined to pass the following interim directions:
27 August 2019. Order on the record. The operative text could not be read.
20 September 2019. Not to be listed on 27.09.2019.
25 October 2019. List on a non-miscellaneous day in the third week of November, (NARENDRA PRASAD) (PRADEEP KUMAR)
4 February 2020. List on 24.03.2020. Applications for intervention/impleadment are rejected.
19 August 2020. As prayed, list in the third week of September, 2020.
15 September 2020. In view of the letter circulated by the learned counsel for the respondent, list the matters on 07.10.2020 No further adjournment shall be entertained.
7 October 2020. List on 05.11.2020.
20 January 2021. List the appeals on 16.02.2021. List I.A. No.100812/2020 after two weeks.
5 February 2021. List on 12.02.2021, before a Bench presided over by Hon'ble Mr. Justice Mohan M. Shantanagoudar.
12 February 2021. List the matters on 02.03.2021. Learned counsel for the parties shall file short notes of submission latest by 25.02.2021.
16 February 2021. List the matters on 02.03.2021.
2 March 2021. List on 04.03.2021.
3 March 2021. List the matter at 12 Noon on 09-03-2021. (GULSHAN KUMAR ARORA) (R.S. NARAYANAN) AR-CUM-PS
9 March 2021. Heard learned counsel for the parties at length. Arguments concluded.
16 March 2021. The Interim Application stands disposed of in terms of the signed order. The operative part of the signed order reads as under:
27 July 2021. List on 06.08.2021 alongwith all pending interlocutory applications. (ARJUN BISHT) (PRADEEP KUMAR) (ASHWANI THAKUR) (
29 July 2021. List I.A. No. 52655 of 2021 in Civil Appeal No(s). 5395 5398/2019 along with all other pending I.As. (ARJUN BISHT) (PRADEEP KUMAR) (ASHWANI THAKUR) (
6 August 2021. List after three weeks on a non-miscellaneous day. In the meantime, Mr. K.V. Vishwanathan, learned senior counsel for the respondent(s) may file reply.
1 September 2021. List after a week. (ARJUN BISHT) (PRADEEP KUMAR) (ASHWANI THAKUR) (
14 September 2021. A request for adjournemnt has been made by Ms. Gauri Rasgotra, learned counsel appearing on behalf of respondent no. 1 which is opposed by the applicant as it is stated that the matter is urgent. By consent of the learned counsel for the parties, list on (ARJUN BISHT) (PRADEEP KUMAR) (ASHWANI THAKUR) (
21 September 2021. I.A No.84110/2021 This application has been filed by the appellant/respondent no.5/Dalmia Cements (Bharat) group (for short, “applicant/Dalmia”) seeking modification of the order dated 16.03.2021 passed by this Court, which in turn had modified the earlier order dated 27.08.2019. The offending portion of the order date
20 January 2022. IA No.6482/2022 List on 09.02.2022. The other side may file response to the application by (ARJUN BISHT) (PRADEEP KUMAR) (ASHWANI THAKUR) (
16 February 2022. List in the next week on a non-miscellaneous day. (ARJUN BISHT) (PRADEEP KUMAR) (ASHWANI THAKUR) (
23 February 2022. IA No. 6482/2022 Learned counsel for the SEBI prays for and is granted two weeks time to file the counter affidavit to the application for modification after serving a copy of the same on other side. The applicant shall file rejoinder affidavit within one week thereafter. List on 05.04.2022.
The record also contains 8 further orders. Each file is listed on the Orders tab.
Counsel named on these orders, not a complete vakalatnama, include the advocates listed below.

Advocates — Appellants: Mr. Tushar Mehta, Mr. Pratap Venugopal, Mr. Arvind P. Datar, Ms. Surekha Raman, Ms. Viddusshi, Mr. Akhil Abraham Roy, Mr. Shyam Divan, Mr. Mrinmayee Sahu, Mr. S. S. Shroff, Ms. Mrinmayee Sahu, Ms. Viddushi, Mr. Akhil A. Roy Advocates — Respondents: Mr. K.V. Vishwanathan, Ms. Gauri Rasgotra, Ms. Shruti Rajan, Mr. Sumit Attri, Mr. Vikash Kumar Jha, Dr. A.M. Singhvi, Mr. Ashish Prasad, Mr. Abhiraj Arora, Mr. Avinash Tripathi, Mr. Rajesh J. Adv., Mr. Mahfooz Ahsan Nazki, Mr. Kunal Katariya

Relief Sought & Granted

On 13 April 2023 the latest order on this record says: 1 List the appeals on 20 April 2023 at the end of the board.

The court record used for this archive still shows the case as not disposed. No final relief is added beyond the words of the orders above.

Subjects

Appellate relief Civil appeals

Current position

PENDING · Latest recorded event 13 Apr 2023

Latest development

Latest recorded event 13 Apr 2023

Next hearing

24 Feb 2026

Important procedural note

Written only from 38 Supreme Court order file(s) for this case. No headnote or citation was added.