Sebi's Litigation Score: More Wins, Fewer Appeals and Crackdowns

Scores big

- Neha Joshi

The capital market regulator's litigation scorecard for FY25 shows fewer appeals and stronger outcomes.

The latest annual report of the Securities and Exchange Board of India shows that new appeals against its decisions at the Securities Appellate Tribunal (SAT) fell to 533 in FY25 from 821 a year ago, with 73% cases dismissed and only 5% allowed.

In the Supreme Court, 90% of the 80 disposed cases went the regulator's way.

However, the report shows the regulator closed the year with 960 SAT appeals pending and 520 cases pending in the Supreme Court.

Of the 422 appeals disposed of by SAT in FY25, 308, or 73% cases, were dismissed and only 23 (5%) cases were taken up for hearing.