07/07/2026
Curious Case of NSE IPO and Colo SCAM Settlement by SEBI | Advocate Vikas Gupta | The Vikas Gupta Show
Is the upcoming ₹50,000+ Crore NSE IPO hiding a massive secret? In this deep-dive financial and legal analysis, Advocate Vikas Gupta uncovers the "Curious Case of the NSE IPO" and the controversial ₹1,491 Crore Co-Location (Colo) scam settlement application with SEBI. Why did India’s largest stock exchange fight for 16 years in the Delhi High Court to stay out of the RTI Act? Is a settlement amount of ₹2,250+ crores just "80 days of profit" for a market monopoly making ₹28 crores daily?
We break down the entire 11-year timeline of the algorithmic trading scam, the role of SEBI under Section 15JB, the ₹643 Cr TAP software issue, and the landmark Delhi High Court ruling that finally opens NSE to public accountability. Before you apply for the NSE IPO or check the latest Grey Market Premium (GMP), read the DRHP litigation section with us. Watch till the end to understand how landmark Supreme Court dissenting judgments teach us that the minority voice of today becomes the law of tomorrow.
Curious Case of NSE IPO और Colo Scam Settlement By SEBI, क्या पैसे से सब कुछ settle हो जाता है?
क्या India का सबसे बड़ा IPO ऐसे समय आना चाहिए जब उससे जुड़े सबसे चर्चित Co-location (Colo) मामले की settlement application अभी भी चर्चा में हो?
इस वीडियो में हम NSE IPO, Co-location Case, SEBI Settlement Regulations, SAT Orders, Delhi High Court के RTI Judgment और 11 साल की पूरी chronology को facts और publicly available documents के आधार पर समझेंगे।
इस वीडियो में चर्चा:
✔️ NSE IPO आखिर 10 साल तक क्यों अटका रहा?
✔️ DRHP क्या होता है और इसमें क्या disclose करना पड़ता है?
✔️ NSE Co-location (Colo) Case की पूरी timeline
✔️ Dark Fibre controversy क्या थी?
✔️ SEBI के 2019 Orders
✔️ SAT के 2023 Judgments
✔️ ₹1,491 करोड़ Settlement Proposal
✔️ SEBI Settlement Regulations, 2018
✔️ Regulation 5(1)(a) और Regulation 5(2)
✔️ Delhi High Court RTI Judgment (1 July 2026)
✔️ NSE को Public Authority क्यों माना गया?
✔️ Supreme Court में pending appeals
✔️ Common Investors के लिए इसका क्या मतलब है?
इस वीडियो का उद्देश्य किसी व्यक्ति या संस्था को दोषी ठहराना नहीं, बल्कि publicly available legal records और regulatory documents को सरल भाषा में समझाना है ताकि investors informed decision ले सकें।
📚 SOURCES
1. NSE DRHP, filed with SEBI on 17 June 2026
2. SEBI WTM Orders dated 30 April 2019
3. SAT Order dated 23 January 2023
4. SEBI WTM Order dated 13 September 2024
5. SEBI Settlement Orders: 29 December 2021 , 28 June 2023 ,4 October 2024 ,31 July 2025
6. SEBI (Settlement Proceedings) Regulations, 2018
7. Delhi High Court, NSE v. Central Information Commission, LPA 315/2010, judgment dated 1 July 2026
8. NSE consolidated financial PWC-reviewed), 10 February 2024
9. Moneylife/ Moneycontrol/Financial Express /Business Standard /Bar & Bench (1 July 2026) on RTI judgment; /BusinessToday (Jan 2026) on NSE CEO statement
10. SEBI AO Order in the matter of Investopher, 22.03.2024
11. ADM Jabalpur v. Shivkant Shukla
12. Puttaswamy v. Union of India
13.A.K. Gopalan v. State of Madras
14. Maneka Gandhi v. Union of India
15.Sajjan Singh v. State of Rajasthan
16. Kesavananda Bharati v. State of Kerala
17 .Kharak Singh v. State of Uttar Pradesh
18. Hon'ble SC Appeal against SAT orders 2023.03.20
19. SAT Order dated 12.07.2023
20. SEBI Order 30.09.2024
21. SEBI Act ,1992
22. www.nseindia.com
23.www.sebi.gov.in
24.www.moneylife.in
Disclaimer
ये video सिर्फ educational के लिए है। इसमें कही गई हर बात publicly available records पर आधारित है SEBI/SAT के orders, DHC का judgment, NSE का DRHP, financial results और published news reports। Settlement orders 'without admitting or denying' के आधार पर पास होते हैं इसलिए settle हुए मामलों में किसी पर भी दोष सिद्ध नहीं हुआ है, और ये video किसी व्यक्ति या संस्था पर कोई नया आरोप नहीं लगाता। कई मामले अदालतों में sub judice हैं उन पर comments सिर्फ published orders की सीमा तक हैं। ये video investment advice नहीं है invest करने से पहले अपने SEBI-registered advisor से सलाह लें।