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[Cites 2, Cited by 0]

Delhi High Court - Orders

Nirav Mehta vs National Financial Reporting ... on 28 February, 2025

Author: Yashwant Varma

Bench: Yashwant Varma, Dharmesh Sharma

                             $~1, 2, 5 to 29(SB)
                             *     IN THE HIGH COURT OF DELHI AT NEW DELHI
                             +         W.P.(C) 1146/2025 & CM APPL. 5653/2025 (Interim Relief)
                                       NIRAV MEHTA                                                                         .....Petitioner

                                                                            Through:                 Mr. Jayant K. Mehta, Sr. Adv.
                                                                                                     with Mr. Karan Malhotra, Mr.
                                                                                                     Ayush Pratap Singh and Mr.
                                                                                                     Anant Shankar Tripathi, Advs.

                                                                            versus

                                       NATIONAL FINANCIAL REPORTING
                                       AUTHORITY & ANR                                                                       .....Respondents

                                                                            Through:                 Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.
                                                                                                     Mr. Nishant Gautam, CGSC
                                                                                                     with Mr. Dhruv Joshi, Mr.
                                                                                                     Vinay Kaushik, Mr. Vipul
                                                                                                     Verma & Mr. Jitendra Kumar,
                                                                                                     Advs. for R-2.
                             2
                             +         W.P.(C) 1709/2025, CM APPL. 8253-54/2025, CM APPL.
                                       9010/2025

                                       NEERAJ BANSAL                                                            .....Petitioner
                                                    Through:                                         Mr. Abhimanyu Bhandari, Sr.
                                                                                                     Adv. with Mr. Arjun Syal, Mr.
                                                                                                     Shreyan Das, Mr. Indhirajith
                                                                                                     Prabhakar & Mr. Akhilesh
                                                                                                     Wahal, Advs.
                                                                            versus

                                       NATIONAL FINANCIAL REPORTING AUTHORITY NFRA



This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 01/03/2025 at 05:58:45
                                        & ANR.                                                                    ....Respondent
                                                                            Through:                 Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.
                                                                                                     Ms. Shiva Lakshmi, CGSC
                                                                                                     with Mr. Govind Sharma, Adv.
                                                                                                     & Mr. Aakash Pathak, G.P.
                                                                                                     Ishika Gupta, Advs. for UOI.
                             5
                             +         W.P.(C) 952/2025, CM APPL. 4684/2025 (Interim Stay) &CM
                                       APPL. 4685/2025 (Ex.)

                                       CHANDAN D LALA                                                              ......Petitioners
                                                   Through:                                          Ms. Stuti Gujral, Mr. Nikhil
                                                                                                     Rungta, Mr. Vipin Kumar, Mr.
                                                                                                     Tasnimul Hassan and Mr.
                                                                                                     Karan Sachdev, Advs.
                                                                            versus

                                       UNION OF INDIA & ANR.
                                                                                                                    .....Respondents
                                                                            Through:                 Ms. Shiva Laxmi, CGSC with
                                                                                                     Mr. Govind Sharma, Advs.
                                                                                                     Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.

                             6
                             +         W.P.(C) 13637/2024 & CM APPL. 57047/2024, CM APPL.
                                       57050/2024
                                       CA MOON GOYAL @ MOON GOEL             .....Petitioner
                                                   Through: Mr.Siddhartha   Sinha       with
                                                            Mr.Prashant Rawat, Mr.Nring



This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 01/03/2025 at 05:58:45
                                                                                                      Chamwibo Zeliang, Ms.Anu
                                                                                                     Priya Nisha Minz, Ms.Jyoti
                                                                                                     Fartiyal and Mr.Kabir Singh,
                                                                                                     Advocates.
                                                                            versus

                                       UNION OF INDIA, THROUGH MINISTRY OF CORPORATE
                                       AFFAIRS & ANR.
                                                                                                                     .....Respondent
                                                                            Through:                 Ms.Shiva Lakshmi, CGSC with
                                                                                                     Mr. Govind Sharma, Adv. for
                                                                                                     UOI.
                                                                                                     Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.
                             7
                             +         W.P.(C) 10303/2023 & CM APPL. 39855/2023 (Interim
                                       Direction)
                                       CA VINAY AGGARWAL                                                                   ..... Petitioner
                                                                            Through:                 Mr. Kabir Dixit, Ms. Sanya
                                                                                                     Dua & Ms. Vasudha Banka,
                                                                                                     Advs.
                                                                            versus
                                       UNION OF INDIA THROUGH MINISTRY OF
                                       CORPORATE AFFAIRS A WING & ANR. ..... Respondents

                                                                            Through:                Mr. Ravi Prakash, CGSC for
                                                                                                    R-1.
                                                                                                    Mr. Zoheb Hossain, Spl.
                                                                                                    Counsel along with Mr. Vivek
                                                                                                    Gurnani, Mr. Kunal Kochar,
                                                                                                    Mr. Suradhish Vats and Mr.
                                                                                                    Pranjal Tripathi, Advs. for
                                                                                                    NFRA.
                             8
                             +         W.P.(C) 526/2024, CM APPL. 2343/2024 (Interim Relief),



This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 01/03/2025 at 05:58:46
                                        2345/2024 (Lengthy Synopsis & List Of Dates)
                                       M/S. RAY AND RAY CHARTERED
                                       ACCOUNTANTS & ANR.                ..... Petitioners
                                                     Through: Mr. Rohit Ghosh & Mr. Prateek
                                                              Kumar, Advs.
                                                     versus
                                       NATIONAL FINANCIAL REPORTING AUTHORITY &
                                       ANR.                           ..... Respondents

                                                                            Through:                 Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.

                                                                                                    Mr. Arnav Kumar, CGSC for
                                                                                                    R-2.
                             9
                             +         W.P.(C) 1549/2024 & CM APPL. 6386/2024 (Interim Direction)
                                       PANKAJ KUMAR                                                                        ..... Petitioner
                                                                            Through:                 Mr. Gautam Jain,                   &     Mr.
                                                                                                     Manish Yadav Advs.
                                                                            versus
                                       UNION OF INDIA & ANR.                                                    ..... Respondents
                                                     Through:                                        Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.

                             10
                             +         W.P.(C) 3969/2024 & CM APPL. 16270/2024 (Stay)
                                       RASHMIKANT D. KUNDALIA                ..... Petitioner
                                                        Through: Mr. Jayant Mehta, Sr. Adv.
                                                                 with Ms. Niyati Kohli & Mr.
                                                                 Rishabh Parekh, Advs.


This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 01/03/2025 at 05:58:46
                                                                             versus
                                       UNION OF INDIA & ANR.                                                               ..... Respondents
                                                                            Through:                 Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.

                             11
                             +         W.P.(C) 3970/2024 & CM APPL. 16272/2024 (Stay)
                                       RAMESH CHATURVEDI                     ..... Petitioner
                                                                            Through:                 Mr. Shivam Shukla & Ms.
                                                                                                     Anjali Upadhyay, Advs.
                                                                            versus
                                       UNION OF INDIA & ANR.                                                   ..... Respondents
                                                     Through:                                        Mr. Ravi Prakash, CGSC for
                                                                                                     UOI.
                             12
                             +         W.P.(C) 3971/2024, CM APPL. 16274/2024 (Stay)
                                       DN CHATURVEDI                         ..... Petitioner
                                                                            Through:                 Mr. Shivam Shukla & Ms.
                                                                                                     Anjali Upadhyay, Advs.
                                                                            versus
                                       UNION OF INDIA & ANR.                                                     ..... Respondents
                                                     Through:                                        Mr. Ashish Jain, CGSC with
                                                                                                     Mr. Rishav Dubey, G.P, Mr.
                                                                                                     Gaurav Kumar, Ms. Pooja
                                                                                                     Bhardwaj and Mr. Ishank Jha,
                                                                                                     Advs. for R-1/UOI.
                                                                                                     Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.




This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 01/03/2025 at 05:58:46
                              13
                             +         W.P.(C) 5048/2024 & CM APPL. 20693/2024 (Stay)
                                       CA DEEPAK AGRAWAL                                                                   ..... Petitioner
                                                                            Through:                 Ms. Chhavi Jain, Mr. Akhilesh,
                                                                                                     Mr. Nimit Bhola and Ms. Neha
                                                                                                     Kataria, Advs.
                                                     versus
                                       UNION OF INDIA, MINISTRY OF CORPORATE AFFAIRS
                                       THROUGH THE SECRETARY & ANR. ..... Respondents

                                                                            Through:                 Mr. Jagdish Chandra, CGSC
                                                                                                     with Mr. Shubham Kumar
                                                                                                     Mishra and Ms. Archna S., GP
                                                                                                     for R-1/UOI.
                                                                                                     Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.
                             14
                             +         W.P.(C) 9235/2024 & CM APPL. 37834/2024 (Interim relief)
                                       JIGNESH MEHTA                                                            ..... Petitioner
                                                    Through:                                         Ms. Stuti Gujral, Mr. Nikhil
                                                                                                     Rungta, Mr. Vipin Kumar, Mr.
                                                                                                     Tasnimul Hassan and Mr.
                                                                                                     Vishnu Sharma, Advs.
                                                                            versus
                                       UNION OF INDIA & ANR.                                                    ..... Respondents
                                                     Through:                                       Ms. Radhika Biswajit Dubey
                                                                                                    and Mr. Jagdish Chandra,
                                                                                                    CGSCs with Mr. Amit Acharya,
                                                                                                    GP, Mr. Shubham Kumar
                                                                                                    Mishra, Mr. Karan Khetani, Ms.
                                                                                                    Gurleen Kaur, Ms. Drishti
                                                                                                    Rawal and Mr. Aviral Jain,
                                                                                                    Advs. for R-1/UOI.
                                                                                                     Mr.           Zoheb       Hossain,       Spl.



This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 01/03/2025 at 05:58:46
                                                                                                      Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.

                             15
                             +         W.P.(C) 9236/2024 & CM APPL. 37836/2024 (Interim Relief)
                                       AMIT CHATURVEDI                                                          ..... Petitioner
                                                   Through:                                          Ms. Stuti Gujral, Mr. Nikhil
                                                                                                     Rungta, Mr. Vipin Kumar, Mr.
                                                                                                     Tasnimul Hassan and Mr.
                                                                                                     Vishnu Sharma, Advs.
                                                                            versus
                                       UNION OF INDIA & ANR.                                                     ..... Respondents
                                                     Through:                                        Mr. Jagdish Chandra, CGSC
                                                                                                     with Ms. Kriti Sinha and Mr.
                                                                                                     Shubham Kumar Mishra, Advs.
                                                                                                     for Resp./ UOI.
                                                                                                     Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.

                             16
                             +         W.P.(C) 9237/2024 & CM APPL. 37838/2024 (Interim relief)
                                       PARAG D MEHTA                                                            ..... Petitioner
                                                   Through:                                          Ms. Stuti Gujral, Mr. Nikhil
                                                                                                     Rungta, Mr. Vipin Kumar, Mr.
                                                                                                     Tasnimul Hassan and Mr.
                                                                                                     Vishnu Sharma, Advs.
                                                                            versus
                                       UNION OF INDIA & ANR.                                                    ..... Respondents
                                                     Through:                                        Mr. Rohan Jaitley, CGSC with
                                                                                                     Mr. Hussain Taqvi, GP, Mr.
                                                                                                     Dev Pratap Shahi, Ms. Ranjana



This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 01/03/2025 at 05:58:46
                                                                                                      Jaitley and Mr. Yogya Bhatia,
                                                                                                     Advs. for R-1/UOI.
                                                                                                     Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.

                             17
                             +         W.P.(C) 9238/2024 & CM APPL. 37840/2024 (Interim relief)
                                       CHATURVEDI & SHAH LLP             ..... Petitioner
                                                     Through: Ms. Stuti Gujral, Mr. Nikhil
                                                              Rungta, Mr. Vipin Kumar, Mr.
                                                              Tasnimul Hassan and Mr.
                                                              Vishnu Sharma, Advs.
                                                     versus
                                       UNION OF INDIA & ANR.             ..... Respondents
                                                     Through: Mr. Pavan Narang, SPC with
                                                              Mr. Himanshu Sethi & Ms.
                                                              Aishwarya Chhabra, Advs. for
                                                              R-1/UOI.
                                                               Mr. Zoheb Hossain, Spl.
                                                              Counsel along with Mr. Vivek
                                                              Gurnani, Mr. Kunal Kochar,
                                                              Mr. Suradhish Vats and Mr.
                                                              Pranjal Tripathi, Advs. for
                                                              NFRA.
                                                              Mr. Ripudaman Bhardwaj,
                                                              CGSC

                             18
                             +         W.P.(C) 5840/2024
                                       VISHAL DHIREN SHAH                                                                  ..... Petitioner
                                                                            Through:                 Mr. Shri Venkatesh, Mr.
                                                                                                     Shryeshth Ramesh Sharma, Mr.
                                                                                                     Vineet Kumar & Mr. Vedant
                                                                                                     Choudhary, Advs.
                                                                            versus



This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 01/03/2025 at 05:58:46
                                        UNION OF INDIA, THROUGH MINISTRY OF
                                       CORPORATE AFFAIRS, & ANR.       ..... Respondents

                                                                            Through:                 Mr. Aakash Meena, Adv. for
                                                                                                     R-1/UOI.
                                                                                                     Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.
                             19
                             +         W.P.(C) 5841/2024
                                       PARIMAL KUMAR JHA                                                                   ..... Petitioner
                                                                            Through:                 Mr. Shri Venkatesh, Mr.
                                                                                                     Shryeshth Ramesh Sharma, Mr.
                                                                                                     Vineet Kumar & Mr. Vedant
                                                                                                     Choudhary, Advs.
                                                                            versus
                                       UNION OF INDIA & ANR.                                                               ..... Respondents

                                                                            Through:                 Mr. Ripudaman Bhardwaj,
                                                                                                     CGSC along with Mr. Kushagra
                                                                                                     Kumar, Mr. Abhinav Bhardwaj,
                                                                                                     Mr. Amit Kumar Rana and Mr.
                                                                                                     Manik Sachdeva, Advs. for
                                                                                                     UOI.
                                                                                                     Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.

                             20
                             +         W.P.(C) 5842/2024
                                       M S PATHAK H D AND ASSOCIATES LLP..... Petitioner



This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 01/03/2025 at 05:58:46
                                                                             Through:                 Mr. Shri Venkatesh, Mr.
                                                                                                     Shryeshth Ramesh Sharma, Mr.
                                                                                                     Vineet Kumar & Mr. Vedant
                                                                                                     Choudhary, Advs.
                                                                            versus
                                       UNION OF INDIA & ANR.                                                               ..... Respondents

                                                                            Through:                 Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.

                             21
                             +         W.P.(C) 8118/2024 & CM APPL. 33356/2024 (Interim Stay)
                                       SAURABH PAMECHA                                                          ..... Petitioner
                                                   Through:                                          Ms. Stuti Gujral, Mr. Nikhil
                                                                                                     Rungta, Mr. Vipin Kumar, Mr.
                                                                                                     Tasnimul Hassan and Mr.
                                                                                                     Karan Sachdev, Advs.
                                                                            versus
                                       UNION OF INDIA & ANR.                                                    ..... Respondents
                                                     Through:                                       Mr. Jagdish Chandra, CGSC
                                                                                                    along with Mr. Shubham
                                                                                                    Kumar, Adv. for R-1/UOI.
                                                                                                     Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.

                             22
                             +         W.P.(C) 8119/2024 & CM APPL. 33358/2024 (Interim Stay)
                                       ASHISH GOVINDBHAI MISTRY         ..... Petitioner
                                                    Through: Ms. Stuti Gujral, Mr. Nikhil
                                                             Rungta, Mr. Vipin Kumar, Mr.
                                                             Tasnimul Hassan and Mr.


This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 01/03/2025 at 05:58:46
                                                                                                      Karan Sachdev, Advs.
                                                                            versus
                                       UNION OF INDIA & ANR.                                                               ..... Respondents
                                                                            Through:                 Mr. Piyush Beriwal, Mr. Rudra
                                                                                                     Paliwal, Mr. Sandeep Munian,
                                                                                                     Ms. Jyotsna Vyas, Advs. for
                                                                                                     R-1
                                                                                                     Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.

                             23
                             +         W.P.(C) 8127/2024 & CM APPL. 33386/2024 (Interim Stay)
                                       DTS AND ASSOCIATES LLP (FORMERLY
                                       KNOWN AS DTS AND ASSOCIATES) ..... Petitioner
                                                    Through: Ms. Stuti Gujral, Mr. Nikhil
                                                              Rungta, Mr. Vipin Kumar, Mr.
                                                              Tasnimul Hassan and Mr.
                                                              Karan Sachdev, Advs.
                                                    versus
                                       UNION OF INDIA & ANR.                                                     ..... Respondents
                                                     Through:                                        Mr. Jitendra Kumar Tripathi,
                                                                                                     Adv. for UOI.
                                                                                                     Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.


                             24
                             +         W.P.(C) 8128/2024 & CM APPL. 33389/2024 (Interim Relief)
                                       CA DEEPAK ROY                                                                       ..... Petitioner
                                                                            Through:                 Ms. Misha Rohatgi Mohta, Mr.


This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 01/03/2025 at 05:58:46
                                                                                                      Arihant Singh and Ms. Prachi
                                                                                                     Dhanani, Advs.
                                                                            versus

                                       UNION OF INDIA & ANR.                                                               ..... Respondents

                                                                            Through:                 Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.
                             25
                             +         W.P.(C) 8129/2024 & CM APPL. 33392/2024 (Interim Stay)
                                       ANUJ G. BHATIA                                                           ..... Petitioner
                                                     Through:                                        Ms. Stuti Gujral, Mr. Nikhil
                                                                                                     Rungta, Mr. Vipin Kumar, Mr.
                                                                                                     Tasnimul Hassan and Mr.
                                                                                                     Karan Sachdev, Advs.
                                                                            versus
                                       UNION OF INDIA & ANR.                                                    ..... Respondents
                                                     Through:                                        Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.

                             26
                             +         W.P.(C) 8130/2024 & CM APPL. 33399/2024 (Interim Relief)
                                       CA RASHIM TANDON                                                          ..... Petitioner
                                                    Through:                                         Ms. Misha Rohatgi Mohta, Mr.
                                                                                                     Arihant Singh and Ms. Prachi
                                                                                                     Dhanani, Advs.
                                                                            versus
                                       UNION OF INDIA & ANR.                                                               ..... Respondents
                                                                            Through:                 Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek



This is a digitally signed order.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
The Order is downloaded from the DHC Server on 01/03/2025 at 05:58:46
                                                                                                      Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.

                             27
                             +         W.P.(C) 287/2025 & CM APPL. 1419/2025
                                       CA A.B. JANI                          ......Petitioners
                                                        Through: Mr. Arun Kathpalia, Sr.
                                                                 Advocate. with Ms. Ayushi
                                                                 Khazanchi,        Ms.     Vinayak
                                                                 Chawla, Mr. Aditya Dhupar,
                                                                 Ms. Pooja Deepak, Advs.
                                                        versus

                                       UNION OF INDIA & ANR.                                                     .....Respondents
                                                     Through:                                        Ms. Rukhmani Bobde, CGSC
                                                                                                     with Mr. Jatin Dhamija, Mr.
                                                                                                     Amlaan Kumar & Mr. Vinayak
                                                                                                     Aren, Advs. for UOI
                                                                                                     Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.
                             28
                             +         W.P.(C) 289/2025 & CM APPL. 1428/2025
                                       DELOITTE HASKINS AND SELLS LLP           ......Petitioners
                                                        Through: Ms. Prachi Dhanani, Adv.
                                                        versus

                                       UNION OF INDIA & ANR.                                                      .....Respondents
                                                     Through:                                        Mr. Rakesh Kumar, CGSC with
                                                                                                     Mr. Sunil, Advocate with Mr.
                                                                                                     Gokul, G.P.
                                                                                                     Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for



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                                                                                                      NFRA.

                             29
                             +         W.P.(C) 290/2025, CM APPL. 1435/2025
                                       CA RAKESH SHARMA                         ......Petitioners
                                                        Through: Mr. Arun Kathpalia, Sr.
                                                                   Advocate. with Ms. Ayushi
                                                                   Khazanchi,    Ms.       Vinayak
                                                                   Chawla, Mr. Aditya Dhupar,
                                                                   Ms. Pooja Deepak, Advs.

                                                                            versus

                                       UNION OF INDIA & ANR.                                                      .....Respondents
                                                     Through:                                        Ms. Shiva Laxmi, CGSC with
                                                                                                     Mr. Akash Meena, Adv. for
                                                                                                     UOI.
                                                                                                     Mr. Zoheb Hossain, Spl.
                                                                                                     Counsel along with Mr. Vivek
                                                                                                     Gurnani, Mr. Kunal Kochar,
                                                                                                     Mr. Suradhish Vats and Mr.
                                                                                                     Pranjal Tripathi, Advs. for
                                                                                                     NFRA.

                                       CORAM:
                                       HON'BLE MR. JUSTICE YASHWANT VARMA
                                       HON'BLE MR. JUSTICE DHARMESH SHARMA

                                                                            ORDER

% 28.02.2025

1. We take note of the principal challenge which stands raised in this batch of writ petitions and which pertains to the validity of Section 132(4) of the Companies Act, 2013 and the action of the National Financing Reporting Authority ["NFRA"].

2. The writ petitions themselves assail Show Cause Notices ["SCNs"] which have come to be issued post the submission of Audit Quality Review Reports ["AQRRs"] as well as final orders which This is a digitally signed order.

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 01/03/2025 at 05:58:46 have come to be passed upon conclusion of disciplinary proceedings. Our final judgment in Deloitte Haskins & Sells LLP vs. Union of India & Anr. [2025 SCC OnLine Del 641] has dealt with the challenge as raised.

3. On the appeal that was taken against the aforesaid decision, the Supreme Court on 17 February 2025 has framed interim orders of protection in the following terms:-

"Without prejudice to the rights and contentions of the petitioner, in cases where there were no Audit Quality Review Reports (AQRR) prepared and no final orders have been passed, the proceedings may continue but no final orders will be passed. We clarify that where final orders have been passed, such orders will not be given effect to. "

4. We are thus of the prima facie view that the aforesaid interim protection would equally apply to all these writ petitions, be it a challenge to the SCNs or final orders passed by the NFRA.

5. However, in order to enable the Court to examine these writ petitions independently, let these matters be now placed before the Roster Bench on 17.03.2025 subject to appropriate orders being obtained from Hon'ble the Chief Justice.

6. Dasti under the signature of Court Master.

YASHWANT VARMA, J.

DHARMESH SHARMA, J.

FEBRUARY 28, 2025/DR This is a digitally signed order.

The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 01/03/2025 at 05:58:46