New Delhi, Sept. 18 -- The Supreme Court on Friday allowed the settlement between the Securities and Exchange Board of India (SEBI) and the National Stock Exchange (NSE) in the long-running co-location and dark fibre matters, bringing the regulatory proceedings arising from the cases to an end.

A bench of Justices JB Pardiwala and K Vinod Chandran permitted the settlement and disposed of the proceedings pending before it in connection with the two matters.

The settlement covers a total payment of Rs 1,491.21 crore by NSE under SEBI's settlement mechanism. The amount comprises Rs 1,223.56 crore towards the co-location matter and Rs 267.65 crore towards the dark fibre case.

NSE had already deposited Rs 776.47 crore with SEBI and subseque...