Reliance Petroleum was merged into RIL in 2009.
"There is no question of law raised in the case. Dismissed," the court said.
A two-judge bench of Justices J.B. Pardiwala and R. Mahadevan agreed to hear Sebi's broader case against RIL on 2 December but declined to hold Ambani personally accountable for the alleged actions.
Sebi had challenged a Securities Appellate Tribunal (SAT) order from December 2023, which had overturned penalties totalling ₹70 crore on RIL, Ambani, Navi Mumbai SEZ, and Mumbai SEZ. The Supreme Court upheld SAT's decision, agreeing that the penalties should be set aside.
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