2023 (12) TMI 241 - SCH - SEBI

Request to place on record a compilation of documents - As decided by HC 2023 (10) TMI 1173 - BOMBAY HIGH COURT once it is the entitlement of the petitioners in law to receive such documents, they need to be furnished such documents, unless furnishing of these documents would stand prohibited in law, which is certainly not a situation in the present facts. HELD THAT - All material which is directed to be disclosed by the High Court shall be used only for the purpose of the proceedings pending before the High Court and shall not be disseminated to any third party. Since the impugned orders of the High Court are purely of an interlocutory nature, we are not inclined to entertain the Special Leave Petitions under Article 136 of the Constitution.However, the parties would be at liberty to pursue their remedies in accordance with law on all counts after the final judgment of the High Court. Special Leave Petitions are dismissed.

Summary

Issues involved:

The Supreme Court dismissed Special Leave Petitions under Article 136 of the Constitution, stating that the impugned orders of the High Court were of an interlocutory nature. The Court allowed parties to pursue remedies after the final judgment of the High Court.

Details of the judgment:

The senior counsel for the respondent assured the Court that all material directed to be disclosed by the High Court would only be used for the pending proceedings before the High Court and not shared with any third party.

Given that the orders of the High Court in question were interlocutory, the Supreme Court declined to entertain the Special Leave Petitions under Article 136 of the Constitution. However, the parties were granted the liberty to seek remedies as per the law once the final judgment of the High Court is delivered.

Consequently, the Special Leave Petitions were dismissed by the Supreme Court, and any pending applications were disposed of accordingly.