Supreme Court Disposes of SEBI Appeals Against NSE in Co-Location and Dark Fibre Cases
Quick Brief
The Supreme Court has disposed of appeals filed by the Securities and Exchange Board of India (SEBI) against the National Stock Exchange (NSE). This follows SEBI's acceptance in July of two settlement applications submitted by the NSE. The settlements involved a combined payout of approximately ₹1,492 crore.
What Happened?
The Supreme Court officially disposed of SEBI's pending appeals against the NSE after SEBI accepted settlement applications regarding the co-location and dark fibre matters. The NSE agreed to pay roughly ₹1,492 crore in total to resolve the issues.
Why It Matters
The disposal of these cases marks a significant resolution of longstanding regulatory disputes between India's market watchdog and its leading stock exchange, concluding actions tied to high-frequency trading access and leased-line connectivity.
Key Facts
- The Supreme Court disposed of SEBI appeals against the NSE.
- The legal actions involved co-location and dark fibre (leased-line connectivity) cases.
- SEBI accepted two settlement applications from the NSE in July.
- The aggregate settlement amount was approximately ₹1,492 crore.
- About ₹1,224 crore of the settlement pertained to the co-location case.
- Roughly ₹268 crore of the settlement related to the dark fibre case.
Compiled from 1 outlet
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