# HEMANT KULSHRESTHA vs SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI), THROUGH ITS CHAIRMAN

Court: Bombay High Court
Date: 2025-12-01
Citation: WP/4981/2025
Petitioner: HEMANT KULSHRESTHA
Respondent: SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI), THROUGH ITS CHAIRMAN

[Official PDF on Bombay High Court website](https://bombayhighcourt.gov.in/bhc/file/download/eyJpdiI6IlFQTGtOR3k2SkwyTjF5SVdIOWVHMkE9PSIsInZhbHVlIjoiTFo3WGZDR0V5V0Z3L1Y0MGh5YU9hMWRtN0NMcS9CVXA5R0k3RVVlQzJnZS9OQllPZlk0bi9Fa2RGTC9RSHZRNmljZXIwZHVqOGxFZW1sU2p6ZVo2MlE9PSIsIm1hYyI6IjdhZWNiNzljNzM3NWQxN2FiNzc2MjI3OTU1NmFmYjE5NTA2MzE1MGMzMjc5Y2FhNjBkMTM2ZmI0ZWIxNGJhODAiLCJ0YWciOiIifQ==?expires=1782773284&signature=af66745e3146fe303f621cb8c9efd52ddfc4073fb0d553abd325b592d8f00942)

## Judgment text (excerpt)

W.P. (L) NO. 31373 OF 2025 Hemant Vs. SEBI & Ors. IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION (L) NO. 31373 OF 2025 Hemant Kulshrestha … Petitioner V/s. Securities and Exchange Board of India (SEBI) and Ors. … Respondents WITH WRIT PETITION (L) NO. 31301 OF 2025 Vinay Bansal … Petitioner V/s. Securities and Exchange Board of India (SEBI) and Anr. … Respondents ____________________________________ Mr. Amit Desai, Mr. Venkatesh Dhond and Mr. Ashish Kamat, Senior Advocates, a/w Mr. Gopal Krishna Shenoy, Mr. Aditya Mithe, Mr. Shashwat Rai and Ms. Mrinali Dave i/b Keystone Partners for Petitioner in WPL/31373/2025. Mr. Navroz Seervai, Senior Advocate a/w Mr. Prasad Shenoy and Mr. Chinmay Babhulkar i/b Mr. Akash Menon for Petitioner in WPL/31301/2025. Mr. Shiraz Rustomjee, Senior Advocate a/w Mr. Prateek Pai, Mr. Ravishekhar Pandey and Mr. Ankit Ujjwal i/b Agama Law Associates for Respondent No.1 in both Writ Petitions. Mr. Darius Khambata, Mr. Gaurav Joshi - Senior Advocates a/w Ms. Shruthi Sabharwal, Mr. Avinash Das, Mr. Anant Mishra, Mr. Ayan Tandon and Ms. Prachi Gupta i/b Shardul Amarchand Mangaldas & Co. for Respondent No.2 in both W

https://niyam.ai/judgements/high-court/2025/december/hemant-kulshrestha-vs-securities-and-exchange-board-of-india-sebi-through-its-chairman