Indian Economy·Key Judgments

Stock Exchange Reforms — Key Judgments

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Version 1Updated 6 Mar 2026

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Key Judgments

Harshad Mehta Scam (1992) and subsequent investigations

1992-1993

While not a single judgment, the investigations and subsequent legal actions following the Harshad Mehta scam were pivotal in accelerating stock exchange reforms. The scam exposed…

Sahara India Real Estate Corporation Ltd. & Ors. vs. Securities and Exchange Board of India & Anr.

2012

This landmark Supreme Court judgment affirmed SEBI's wide-ranging powers to protect investors and regulate the securities market, even in cases involving instruments not…