# NIRMAL KUMAR SINGH vs THE SECURITIES AND EXCHANGE BOARD OF INDIA

Court: Delhi High Court
Date: 2025-05-06
Citation: CRL.M.C.-354/2022 2025:DHC:3331
Petitioner: NIRMAL KUMAR SINGH
Respondent: THE SECURITIES AND EXCHANGE BOARD OF INDIA

[Official PDF on Delhi High Court website](https://delhihighcourt.nic.in/app/showFileJudgment/59506052025CRLMM3542022_185436.pdf)

## Judgment text (excerpt)

IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment delivered on: 06.05.2025 CRL.M.C. 354/2022 & CRL.M.A. 1597/2022 NIRMAL KUMAR SINGH .....Petitioner versus THE SECURITIES AND EXCHANGE BOARD OF INDIA .....Respondent Advocates who appeared in this case: For the Petitioner : Mr. Sagar Chaturvedi, Ms. Megha Chaturvedi, Mr. Ramaditya Singh Jadon & Ms. Shiwani Anand, Advs. For the Respondent : Mr. Ashish Aggarwal & Ms. Shivangi Shokeen, Advs. CORAM HON’BLE MR JUSTICE AMIT MAHAJAN JUDGMENT 1. The present petition is filed under Section 482 of the Code of Criminal Procedure, 1973 (‘CrPC’) seeking quashing of the complaint, being, CC No.11/2017 (hereafter ‘the subject complaint’) and all consequential proceedings arising therefrom qua the petitioner. 2. The petitioner has also challenged the order on charge dated 22.12.2021 in the subject complaint. By the said order, the learned Trial Court held that a prima facie case for commission of offence under Section 24(1) of the Securities and Exchange Board of India Act, 1992 (‘SEBI Act’) is made out against M/s Karmbhoomi Real Estate Limited (hereafter ‘accused company’). It was also found that a prima facie case for commission of offence under

https://niyam.ai/judgements/high-court/2025/may/nirmal-kumar-singh-vs-the-securities-and-exchange-board-of-india