BIKASH KUMAR JAIN vs SECURITIES AND EXCHANGE BOARD OF INDIA & ANR.

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of Decision: 11th March, 2025 W.P.(C) 806/2024 BIKASH KUMAR JAIN .....Petitioner Through: Mr. N.K. Singh, Advocate. versus SECURITIES AND EXCHANGE BOARD OF INDIA & ANR. .....Respondents Through: Mr. Sai Deepak, Sr. Advocate with Ms. Ekta Choudhary, Mr. Anand Krishna and Mr. R. Abhishek, Advocates for respondent No.1. Mr. Vinay Yadav with Mr. Ansh Kalra, Ms. Kamna Behrani, Ms. Divyanshu Sinha, Advocates for respondent No.2. CORAM: HON'BLE MR. JUSTICE MANOJ JAIN J U D G M E N T (oral) 1. The present petition has been preferred by petitioner invoking Article 226 and 227 of the Constitution of India. 2. The grievance raised in the present petition is with respect to order dated 17.10.2023, passed by Securities Appellate Tribunal whereby the appeal filed by the petitioner herein has been dismissed on the point of limitation. Along with the aforesaid appeal, the appellant had filed an application under Section 5 of Limitation Act, 1963 as there was a delay of 188 days in filing such appeal and the learned Tribunal, after considering the entire matter, held that such application lacked merit, and consequently, while rejecting the application, t