# SECURITIES AND EXCHANGE BOARD OF INDIA vs VIJAY LAXMI

Court: Delhi High Court
Date: 2025-05-07
Citation: CRL.REV.P.-181/2025 2025:DHC:3679
Petitioner: SECURITIES AND EXCHANGE BOARD OF INDIA
Respondent: VIJAY LAXMI

[Official PDF on Delhi High Court website](https://delhihighcourt.nic.in/app/showFileJudgment/NBK07052025CRLR1812025_163623.pdf)

## Judgment text (excerpt)

IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: May 07, 2025 CRL.REV.P. 181/2025 & Crl.M.A. 14081/2025 SECURITIES AND EXCHANGE BOARD OF INDIA .....Petitioner Through: Mr Sunil Dalal, Senior Advcoate with Mr. Ashish Aggarwal, Ms. Shivangi Shoukeen, Mr. Rahul Malim & Ms. Lisha Arora, Advocates Versus VIJAY LAXMI .....Respondent Through: CORAM: HON'BLE MS. JUSTICE NEENA BANSAL KRISHNA J U D G M E N T (oral) 1. The present Criminal Revision Petition under Section 438 read with Section 528 of The Bhartiya Nagrik Suraksha Sanhita, 2023(‘BNSS’ hereinafter) and under Section 397 read with Section 482 of the Code of Criminal Procedure, 1973 (‘Cr.P.C.’ hereinafter) has been filed by the Petitioner-Securities and Exchange Board of India (‘SEBI’ hereinafter) against the Order dated 27.01.2025 passed by the learned Sessions Court in in CC No. 739 Of 2023, whereby the sentence of only to the extent of 'Till Rising of the Court' and payment of fine of Rs,5,00,000/- and in default the said fine is to be recovered out of her Estate, has been awarded. 2. The learned Additional Session Judge vide impugned Judgment 03.12.2024 has convicted the Respondent for the offences under Section 12 CRL

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