SRISHTI RUSTAGI vs SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) & ORS.

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 15.09.2025 Judgment delivered on: 18.09.2025 + LPA 306/2025 & CM APPL.28959/2025 & 58228/2025 SRISHTI RUSTAGI ...Appellant versus SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) & ORS ...Respondents Advocates who appeared in this case: For the Appellant : Mr. Raghavendra Mohan Bajaj, Advocate. For the Respondents : Mr. Venugopal, Sr. Adv. with Mr. Ashish Aggarwal, Mr. Rahul Malik, Ms. Shivangi Shokeen, Ms. Lisha Arora, Mr. Himanshu Singh, Advocates for SEBI. CORAM: HON'BLE THE CHIEF JUSTICE HON'BLE MR. JUSTICE TUSHAR RAO GEDELA JUDGMENT TUSHAR RAO GEDELA, J. 1. Present Letters Patent appeal has been filed assailing the order dated 24.12.2024 passed by the learned Single Judge whereby the writ petition bearing W.P.(C) 17928/2024 filed by the appellant was dismissed. The appellant is also seeking a direction to respondent no.1/SEBI to provide copy of the speaking order regarding part disposal of the complaint of the appellant being SEBIE/TN21/0000913/1 as well as the status and details of the investigation on the website/portal. She further seeks a direction to respondent no.1 to complete the investigation in a time bound manner. Signature Not Verified Digitally Signed By:YASHRAJ LPA 306/2025 Page 1 of 7 Signing Date:18.09.2025 15:16:16 2. The facts in brief are that a complaint was filed by the appellant on 09.09.2021 seeking a detailed and thorough investigation in the matter of Offer for Sale (OFS) of equity shares of respondent no.3 company. Vide email dated 28.09.2021 sent by SEBI SCORES, the appellant was informed about part disposal of her complaint and also forwarding of the complaint with regard to allegations of insider trading to the concerned department for necessary action. Thereafter, various em