PRB SECURITIES PVT LTD vs SECURITIES AND EXCHANGE BOARD OF INDIA

Judgment text excerpt

JUDGMENT-WP-19221-2024+378-2025(2).DOCX Chaitanya IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION Digitally signed by CHAITANYA CHAITANYA ASHOK ASHOK JADHAV JADHAV Date: 2025.07.14 11:22:53 WRIT PETITION NO. 19221 OF 2024 +0530 Crosseas Capital Services Pvt. Ltd. ] 1303 Lodha Supreme, ] 13th floor, Dr. E. Moses Road, ] Worli Naka, Worli Mumbai – 400018 ] Through Authorized Representative ] Manish O Garg ]…Petitioner Versus Securities And Exchange Board of India ] PN-C/7, G Block, BKC, ] Bandra Kurla Complex, ] Bandra East, ] Mumbai -400051 ]…Respondent WITH WRIT PETITION NO. 378 OF 2025 PRB Securities Pvt. Ltd. ] residing at Poddar Court ] gate no 3 6th floor 18 rabindra ] sarani Kolkata – 700001 ] Authorized to sign Director ] Mr Gaurav Bahety ]…Petitioner Versus Securities And Exchange Board of India ] SEBI BHAVAN BKC : PLOT NO. ] C4-A, ‘G’ BLOCK BANDRA-KURLA ] COMPLEX, BANDRA (EAST), ] MUMBAI- 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. _________________________