CENTRAL DEPOSITORY SERVICES INDIA LIMITED vs DAKSHA NARENDA BHAVSAR

CNR No : HCBM020415722025 J-CARBAL-41571-2025-DEPOSITORIES.odt rajshree IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION COMMERCIAL ARBITRATION APPEAL (L) NO.41571 OF 2025 Central Depository Services (India) Ltd. .. Appellant vs. Daksha Narendra Bhavsar & Anr. .. Respondents Mr.Ravi Kadam, Senior Advocate a/w Mr.Pranav Badheka, Senior Advocate, Mr.Rohan Kadam, Mr. Vaibhav Singh, Ms. Radhika Indapurkar, Mr.Rahil Shah, Mr.Manas Kotak, Mr.Pranav Chandhoke i/b Veritas Legal for the Appellant. Mr.Karl Tamboly a/w Mr.Harsh Moorjani, Ms.Priyanka Chaddha, Mr.Abhay Dhadiwal, Ms.Vidhi Karia i/b Jayakar and Partners for the Respondent No.1. CORAM : BHARATI DANGRE & MANJUSHA DESHPANDE, JJ RESERVED ON : 23rd APRIL 2026 PRONOUNCED ON: 2nd JULY, 2026 JUDGMENT (PER BHARATI DANGRE, J) : 1 Central Depository Services Limited (CDSL), a Company established under the provisions of the Companies Act, 1956 and a Depository under Section 12(1-A) of the Securities and Exchange Board of India Act, 1992 (SEBI Act) and facilitator for holding securities in a dematerialized form, has preferred the present Appeal being aggrieved by the Judgment of the learned Single Judge dated 01/