CROSSEAS CAPITAL SERVICES PVT LTD vs SECURITIES AND EXCHANGE BOARD OF INDIA AND ORS

JUDGMENT-WP-19221-2024+378-2025(2).DOCX Chaitanya IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION 400051. ]…Respondent 1 JUDGMENT-WP-19221-2024+378-2025(2).DOCX ______________________________________________________ Mr Janak Dwarkadas, Senior Advocate a/w Mr Ashim Sood, Mr Siddharth Satija, Ms Sowjhanya Shankaran, Ms Anuka Baehawat, Mr Deepak Sanchety, Mr Tamannam Tavadia, for Petitioner in WP/19221/2024. Dr Birendra Saraf, Advocate General a/w Mr Ashim Sood, Mr Siddharth Satija, Ms Sowjhanya Shankaran, Ms Anuka Baehawat, Mr Deepak Sanchety, Mr Tamannam Tavadia, for Petitioner in WP/378/2025. Mr Mustafa Doctor, Senior Advocate a/w Ms Nidhi Singh, Mr Hubab Sayyed, Mr Nishin Shrikhande, Ms Komal Shah, Ms Nidhi Faganiya i/b Vidhi Partners for Respondent-SEBI in WP/19221/2024. Mr Mustafa Doctor, Senior Advocate a/w Mr Manish Chhanagani, Mr Abhay Chauhan, Mr Atul Agrawal, i/b, The Law Point for the Respondent- SEBI in WP/378/2025. ______________________________________________________ CORAM: M.S. Sonak & Jitendra Jain, JJ. Reserved on : 02 July 2025 Pronounced on : 11 July 2025 JUDGMENT : (Per M. S. Sonak, J.) 1. Heard Mr Janak Dwarkadas, learned Senior Counsel, a