Supreme Court dismisses Sebi’s plea against NSE: Report

Supreme Court disposes of SEBI appeals against NSE in co-location, dark fibre cases

In July, SEBI had accepted two settlement applications filed by the NSE for an aggregate amount of about ₹1,492 crore. Of this, about ₹1,224 crore pertained to the co-location case, while ₹268 crore related to the dark fibre case, also known as the leased-line connectivity case.

SC Closes SEBI’s Pleas Against NSE After Rs 1,500-Crore Settlement

The co-location and dark fibre cases relate to allegations that certain stockbrokers received unfair, preferential speed advantages to access market data and trade before other investors.

Supreme Court dismisses SEBI's plea against NSE: Report

The appeals are related to the exchange's co-location data centre and dark fibre cases, which have delayed its listing plans for years

Supreme Court dismisses Sebi’s plea against NSE: Report

In a pivotal ruling, India's supreme court has dismissed the regulatory challenges raised by market authorities against the National Stock Exchange. This verdict eliminates a major hurdle for the exchange's initial public offering, addressing previous controversies over co-location and dark fibre allegations. CNBC TV-18 provided coverage of this significant development on Thursday, paving the way for the IPO to proceed.