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Bombay High Court

Ramesh Abhishek vs National Spot Exchange Ltd. And Anr on 22 January, 2024

Author: A. S. Gadkari

Bench: A. S. Gadkari

Osk                                                          20-Apeal-630-2023.doc



                IN THE HIGH COURT OF JUDICATURE AT BOMBAY

                          CRIMINAL APPELLATE JURISDICTION

                        CRIMINAL APPEAL NO. 630 OF 2023
                                     WITH
                      INTERIM APPLICATION NO. 1998 OF 2023
                                     WITH
                      INTERIM APPLICATION NO. 2733 OF 2023

Ramesh Abhishek                                          ... Appellant
      V/s.
National Spot Exchange Ltd. & Anr.                       ... Respondents


                                     WITH
                      INTERIM APPLICATION NO. 2665 OF 2023
                                       IN
                        CRIMINAL APPEAL NO. 630 OF 2023

Rajesh Goradhandas Kamani                                ... Applicant
      V/s.
National Spot Exchange Ltd. & Anr.                       ... Respondents


                                     WITH
                        CRIMINAL APPEAL NO. 461 OF 2023
                                     WITH
                      INTERIM APPLICATION NO. 1826 OF 2023

Roop Kishor Bhootra                                      ... Appellant
      V/s.
The State of Maharashtra & Anr.                          ... Respondents


                                     WITH
                      INTERIM APPLICATION NO. 1821 OF 2023
                                       IN
                        CRIMINAL APPEAL NO. 461 OF 2023


                                                                                      1/8


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Lalit Mundra                                            ... Applicant
      V/s.
The State of Maharashtra & Anr.                         ... Respondents


                                     WITH
                      INTERIM APPLICATION NO. 1775 OF 2023
                                       IN
                        CRIMINAL APPEAL NO. 461 OF 2023

Priti Gupta                                             ... Applicant
      V/s.
The State of Maharashtra & Anr.                         ... Respondents


                                     WITH
                      INTERIM APPLICATION NO. 1819 OF 2023
                                       IN
                        CRIMINAL APPEAL NO. 461 OF 2023

Almondz Global Securities Ltd.                          ... Applicant
      V/s.
The State of Maharashtra & Anr.                         ... Respondents


                                     WITH
                      INTERIM APPLICATION NO. 1771 OF 2023
                                       IN
                        CRIMINAL APPEAL NO. 461 OF 2023

Subodh Shinkar                                          ... Applicant
      V/s.
The State of Maharashtra & Anr.                         ... Respondents


                                     WITH
                      INTERIM APPLICATION NO. 1772 OF 2023
                                       IN
                        CRIMINAL APPEAL NO. 461 OF 2023

                                                                                     2/8


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Anil Salvi                                                ... Applicant
      V/s.
The State of Maharashtra & Anr.                           ... Respondents


                                     WITH
                      INTERIM APPLICATION NO. 1770 OF 2023
                                       IN
                        CRIMINAL APPEAL NO. 461 OF 2023

Surendra Nayak                                            ... Applicant
      V/s.
The State of Maharashtra & Anr.                           ... Respondents


                                     WITH
                      INTERIM APPLICATION NO. 1774 OF 2023
                                       IN
                        CRIMINAL APPEAL NO. 461 OF 2023

Anand Rathi Financial Services Ltd.                       ... Applicant
      V/s.
The State of Maharashtra & Anr.                           ... Respondents


                                     WITH
                      INTERIM APPLICATION NO. 1822 OF 2023
                                       IN
                        CRIMINAL APPEAL NO. 461 OF 2023

Ganpathy Vishwanathan                                     ... Applicant
      V/s.
The State of Maharashtra & Anr.                           ... Respondents


                                      WITH
                          CRIMINAL APPEAL NO. 462 OF 2023

Roop Kishor Bhootra                                       ... Appellant

                                                                                       3/8


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      V/s.
The State of Maharashtra & Anr.                           ... Respondents


                                     WITH
                      INTERIM APPLICATION NO. 1776 OF 2023
                                       IN
                        CRIMINAL APPEAL NO. 462 OF 2023

Anand Rathi Financial Services Ltd.                       ... Applicant
      V/s.
The State of Maharashtra & Anr.                           ... Respondents


                                     WITH
                      INTERIM APPLICATION NO. 1777 OF 2023
                                       IN
                        CRIMINAL APPEAL NO. 462 OF 2023

Priti Gupta                                               ... Applicant
      V/s.
The State of Maharashtra & Anr.                           ... Respondents


                                       WITH
                          CRIMINAL APPEAL NO. 1155 OF 2023

The State Of Maharashtra                                  ... Appellant
      V/s.
National Spot Exchange Limited                            ... Respondent


                                      WITH
                          CRIMINAL APPEAL NO. 664 OF 2023

Preeti Gupta                                              ... Appellant
      V/s.
The State Of Maharashtra & Anr.                           ... Respondents


                                                                                       4/8


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                                      WITH
                          CRIMINAL APPEAL NO. 665 OF 2023

Preeti Gupta                                              ... Appellant
      V/s.
The State Of Maharashtra & Anr.                           ... Respondents


                                      WITH
                          CRIMINAL APPEAL NO. 666 OF 2023

Roop Kishor Bhootra                                       ... Appellant
      V/s.
The State Of Maharashtra & Anr.                           ... Respondents


                                      WITH
                          CRIMINAL APPEAL NO. 667 OF 2023

Roop Kishor Bhootra                                       ... Appellant
      V/s.
The State Of Maharashtra & Anr.                           ... Respondents


                                      WITH
                          CRIMINAL APPEAL NO. 668 OF 2023

Anand Rathi Financial Services Ltd.                       ... Appellant
      V/s.
The State Of Maharashtra & Anr.                           ... Respondents


                                      WITH
                          CRIMINAL APPEAL NO. 669 OF 2023

Anand Rathi Financial Services Ltd.                       ... Appellant
      V/s.
The State Of Maharashtra & Anr.                           ... Respondents

                                                                                       5/8


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                                      WITH
                          CRIMINAL APPEAL NO. 679 OF 2023

Nirmal Jain                                               ... Appellant
      V/s.
The State Of Maharashtra & Anr.                           ... Respondents


                                      WITH
                          CRIMINAL APPEAL NO. 681 OF 2023

Nirmal Jain                                               ... Appellant
      V/s.
The State Of Maharashtra & Anr.                           ... Respondents


                                      WITH
                          CRIMINAL APPEAL NO. 682 OF 2023

IIFL Finance Limited                                      ... Appellant
      V/s.
The State Of Maharashtra & Anr.                           ... Respondents


                                      WITH
                          CRIMINAL APPEAL NO. 683 OF 2023

IIFL Finance Limited                                      ... Appellant
      V/s.
The State Of Maharashtra & Anr.                           ... Respondents


                                      WITH
                          CRIMINAL APPEAL NO. 684 OF 2023

Shiny Geoge & Anr.                                        ... Appellants
      V/s.


                                                                                       6/8


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The State Of Maharashtra & Anr.                           ... Respondents


                                      WITH
                          CRIMINAL APPEAL NO. 884 OF 2023

The State Of Maharashtra                                  ... Appellants
      V/s.
National Spot Exchange Limited & Anr.                     ... Respondents



Mr.Mihir Desai, Senior Advocate a/w. Mr.Dhaval Patil, Mr.Mihir Mody,
Mr.Harshvardhan Melanta & Mr.Shreyas Menkudale i/b. K. Ashar & Co. for
Appellant in Appeal No.630 of 2023.

Mr.Gaurav Parkar for Appellant in Appeal No.630 of 2023.

Mr.Abad Ponda, Senior Advocate a/w. Mr.Arvind Lakhavat, Mr.Nimeet Sharma
i/b. MZM Legal LLP for Respondent No.2 in Appeal No.665 of 2023.

Mr.Arvind Lakhavat a/w. Mr.Nimeet Sharma i/b. MZM Legal LLP for
Respondent No.1 in Appeal Nos.630 of 2023, 884 of 2023 & 1155 of 2023 and
for Respondent No.2 in Appeal Nos.667 of 2023, 669 of 2023, 681 of 2023,
683 of 2023, 684 of 2023 & 461 of 2023.

Mr.Mihir Gheewala a/w. Mr.Vikrant Singh Negi, Ms.Ekta Tyagi, Ms.Priyamvada
Singhania & Ms.Sneha Boranje & Mr.Gopalkrishna Shenoy i/b. DSK Legal for
Appellant in Appeal Nos. 682 of 2023 & 683 of 2023.

Mr.Amit Desai, Senior Advocate a/w. Mr.Mihir Gheewala a/w. Mr.Vikrant Singh
Negi, Ms.Ekta Tyagi, Ms.Priyamvada Singhania & Mr.Gopal Krishna Shenoy
i/b. DSK Legal for Appellant in Appeal Nos.679 of 2023 & 681 of 2023.

Mr.Amit Desai, Senior Advocate a/w. Mr.Gopal Krishna Shenoy, Mr.Ameya
Gokhale, Mr.Vaibhav Singh, Mr.Bryan Pillai & Mr.Manas Kotak i/b. Shardul
Amarchand Mangaldas & Co. for Appellant in Appeal Nos. 664 of 2023 & 665
of 2023.

Mr.Amit Desai, Senior Advocate a/w. Mr.Prateek Seksaria, Senior Advocate
(Through VC) a/w. Mr.Pranav Badheka, Mr.Gopalkrishna Shenoy, Mr.Ameya
Gokhale, Mr.Vaibhav Singh, Mr.Prashant Pawar, Mr.Bryan Pillai & Mr.Manas
Kotak i/b. Shardul Amarchand Mangaldas & Co. for Appellants in Appeal Nos.

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                   461 of 2023 & 462 of 2023.

                   Mr.Pranav Badheka a/w. Mr.Ameya Gokhale, Mr.Vaibhav Singh, Mr.Prashant
                   Pawar, Mr.Bryan Pillai, Mr.Manas Kotak i/b. Shardul Amarchand Mangaldas &
                   Co. for Appellants in Appeal Nos. 666 of 2023 & 667 of 2023.

                   Mr.Prateek Seksaria, Senior Advocate (Through VC) a/w. Mr.Ameya Gokhale,
                   Mr.Vaibhav Singh, Mr.Bryan Pillai & Mr.Manas Kotak i/b. Shardul Amarchand
                   Mangaldas & Co. for Appellants in Appeal Nos. 668 of 2023 of 669 & 2023.

                   Mr.Rajiv Chavan, Senior Advocate i/b. Mr.Gaurav Parkar for Respondent No.2.

                   Mr.Aditya Mehta for Intervenor in Interim Application No. 1819 of 2023 &
                   1821 of 2023.

                   Mr.Mihir Gheewala i/b. Mr.Santosh Pawar for Appellants in Appeal No.684 of
                   2023.

                   Mr.Avinash B. Avhad, Spl. Public Prosecutor a/w. Mr.J.P. Yagnik, A.P.P. for
                   Respondent-State.

                   Mr.Prakash Bagal, ACP, EOW & Mr.Kale, P.I., EOW are present.


                                                             CORAM : A. S. GADKARI AND
                                                                     SHYAM C. CHANDAK, JJ.

DATE : 22nd January 2024.

P.C. :

1) At the request of learned Special P.P., stand over to 13 th February 2024, at 2.30 p.m..
2) Ad-interim relief, if any granted earlier, to continue till next date.

( SHYAM C. CHANDAK, J. ) ( A.S. GADKARI, J. ) Digitally signed by OMKAR SHIVAHAR OMKAR KUMBHAKARN SHIVAHAR KUMBHAKARN Date:

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