NEVILLE TULI vs SECURITIES AND EXCHANGE BOARD OF INDI AND ANR

CNR No : HCBM010525602025 WP-5242-2025.DOC IN THE HIGH COURT OF JUDICATURE AT BOMBAY CRIMINAL APPELLATE JURISDICTION WRIT PETITION NO. 5242 OF 2025 Neville Tuli, Aged 61 years, Occupation : Entrepreneur SAINATH A-6,Green Avenue Street, SANJAY Vasant Kunj, New Delhi – 110 070. ..Petitioner BODKHE 1. Securities and Exchange Board of India (SEBI), SEBI Bhavan, Plot No. C-4A, G-Block, Bandra Kurla Complex, Mumbai – 400 051. …Respondents 2. State of Maharashtra _____________________________________ Mr. Vyapak Desai, a/w Mr. Manish Bohra, Mr. Ansh Desai, i/b Manish Bohra, for the Petitioner. Mr. Sudeep Pasbola, Senior Advocate, a/w Mr. Chetan Mali, Mr. Rajan Gurnani, Ms. Janki Patil, Mr. Sachin Mishra & Mr. Umang Arya, for Respondent No.1 - SEBI. Mr. D. J. Haldankar, APP for Respondent No.2 - State. _____________________________________ CORAM : N. J. JAMADAR, J. RESERVED ON : 09th APRIL 2026 PRONOUNCED ON : 15th JULY 2026 JUDGMENT: 1. Rule. Rule made returnable forthwith, and, with the consent of the learned Counsel for the parties, heard finally. SAINATH, PA 1/32 WP-5242-2025.DOC 2. This Petition under Article 227 of the Constitution of India and Section 528 of the Bharatiya Nagarik Sur