Supreme Court halts SEBI's powers pending next hearing, providing temporary relief.

The Supreme Court issued an order staying the observations made in Paragraph 78 of the impugned Judgment and Order concerning the powers and jurisdiction of SEBI until the next hearing. The matter is scheduled to be listed in the second week of December 2019, providing a temporary halt to the impact of the mentioned observations on SEBI's powers and jurisdiction.

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Issues Involved:
- Stay on observations regarding powers and jurisdiction of SEBI in impugned Judgment and Order.

Analysis:
The Supreme Court, presided over by Justice Arun Mishra and Justice Indira Banerjee, issued an order in response to the appeal. The counsel for the respondents accepted the notice, and a two-week period was given to file a reply to the appeal. Notably, the Court ordered a stay on the observations made in Paragraph 78 of the impugned Judgment and Order concerning the powers and jurisdiction of SEBI until the next hearing. The matter was scheduled to be listed in the second week of December 2019. The order provided a temporary halt to the impact of the mentioned observations on SEBI's powers and jurisdiction, emphasizing the significance of further deliberation on this issue.

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