It depends. If the petition filed in high court for quashing is ONLY on the ground of jurisdiction, in that case the rejection of the transfer petition may have some impact on high court petition. However, in such a case, the Supreme Court itself may perhaps reject the transfer petition (or ask you to withdraw it) and ask you to pursue the high court petition.
On the other hand, if the high court petition is also on other grounds (such as on merits of the case), then the SC rejection may or may not have impact.
Also keep in mind that the power of the SC to transfer a case is irrespective of the jurisdiction, i.e., it is not necessary that you seek transfer only on the ground of jurisdiction. In fact, if you ask transfer only on the ground of jurisdiction, sometimes there is a likelihood that the SC may ask you to approach the competent court on the ground of jurisdiction.
So, it all depends on facts of the case. There is no hard and fast rule.
Dr. Ashok Dhamija is a New Delhi based Supreme Court Advocate and author of law books. Read more about him by clicking here. List of his Forum Replies. List of his other articles. List of his Quora Answers. List of his YouTube Videos.