SC to SEBI: Close Sandesara Proceedings or Face Our Orders

• Supreme Court directs SEBI to close proceedings against Sterling Biotech Ltd (SBL) and its promoters, Chetan and Nitin Sandesara.
• The court warned of serious action if SEBI fails to comply with its November order to quash all proceedings upon deposit of Rs 5,100 crore.
• Sandesara brothers deposited Rs 5,100 crore in December 2025 as a full-and-final settlement.
• SEBI's counsel sought time as Solicitor General Tushar Mehta is deliberating with the market regulator on the issue.
• A consortium of 20 banks sought disbursal from the deposited amount, highlighting their total outstanding against SBL companies as Rs 19,283.77 crore.