SERCURITIES EXCHANGE BOARD OF INDIA vs AMIT JAIN

$~ * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 20.11.2025 Judgment pronounced on: 11.12.2025 LPA 412/2018 & CM APPL. 30368/2018 (Stay) SECURITIES AND EXCHANGE BOARD OF INDIA .....Appellant Through: Mr. Pratap Venugopal, Senior Advocate with Ms. Sandhya Kohli, Advocate. versus AMIT JAIN .....Respondent Through: Mr. Rishabh Jain, Advocate. LPA 550/2018 AMIT JAIN .....Appellant Through: Mr. Rishabh Jain, Advocate. versus SECURITIES AND EXCHANGE BOARD OF INDIA .....Respondent Through: Mr. Neeraj Malhotra, Senior Advocate with Ms. Sandhya Kohli and Mr. Nimish Kumar, Advocates. CORAM: HON’BLE MR. JUSTICE ANIL KSHETARPAL HON’BLE MR. JUSTICE HARISH VAIDYANATHAN SHANKAR JUDGMENT HARISH VAIDYANATHAN SHANKAR, J. 1. These two cross Letters Patent Appeals, LPA 412/2018 and LPA 550/2018, filed under Clause 10 of the Letters Patent read with Section 5(1) of the Delhi High Court Act, 1966, assail the Judgment dated 09.07.20181 passed by the learned Single Judge in W.P.(C) 8394/2014, titled “Amit Jain v. Securities and Exchange Board of India & Anr.”. 2. By the Impugned Judgment, the learned Single Judge set aside the Show Cause Notice dated 14.11.2013 and the consequential ad