Special Public Prosecutor Ujjwal Nikam said he is glad the death sentence of Memon has been upheld by the apex court.
"This should send out a message to Yakub's brother Tiger and Dawood Ibrahim, who are believed to be hiding in Pakistan," he said.
Advocate Farhana Shah, who defended a maximum number of accused in the case, said it is a relief that the death penalties of most of her clients have been commuted to life sentences.
"Even as the judgment came after 20 years, I am glad that the death sentences of the convicts have been commuted to life imprisonment," she said.
Another defence lawyer Subhash Kanse said the verdict should be accepted with due respect.
Noted criminal lawyer Majid Memon, who is also the counsel of actor Sanjay Dutt, hailed the apex court for commuting the death sentence of the 10 convicts to life imprisonment.
"These men were in their 20s, when the blasts took place. They are only pawns, foot soldiers. We need to find and punish the masterminds. Moreover, they have already served 18-20 years in prison," he said.
Sanjay Dutt, who was also convicted under the Arms Act for illegally possessing weapons, had been awarded six years imprisonment by the TADA (Terrorists and Disruptive Activities (Prevention) Act) court.
However, the apex court reduced the sentence from six years to five years. This effectively means that Dutt will be in jail for three years and six months as he has already undergone 18 months imprisonment.