A three-member bench of the Appellate Division headed by Chief Justice Surendra Kumar Sinha passed the order on Thursday following a petition filed by FBCCI authorities challenging the High Court order.
Earlier, the High Court on March 22 stayed the process for holding the FBCCI election for two months.
FBCCI President Abdul Matlub Ahmad moved the Supreme Court to appeal against the High Court order on March 23.
According to the schedule, the FBCCI polls are slated for May 14. The deadline of submitting nomination papers is April 10.