Bombay High Court
Akshay Aluminium Alloys Llp vs Securities Exchange Board Of India And 3 ... on 25 February, 2026
Author: R. I. Chagla
Bench: R. I. Chagla
3-WP-4930-2024 (OS).doc
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
WRIT PETITION NO. 4930 OF 2024
Dhanera Diamonds ...Petitioner
Versus
Securities And Exchange Board Of India ...Respondent
WITH
WRIT PETITION NO. 2160 OF 2022
Kohinoor Feeds And Fats Pvt Ltd Formerly
Known As Kohinoor Feeds And Fats Ltd. ...Petitioner
Versus
Union Of India Through Chairman SEBI And Ors ...Respondents
WITH
WRIT PETITION NO. 1288 OF 2025
Suresh Chand Aggarwal ...Petitioner
Versus
Union Of India Through Ministry Of Finance ...Respondent
WITH
WRIT PETITION NO. 922 OF 2023
Jmc Metals Pvt Ltd And Anr ...Petitioners
Versus
Securities And Exchange Board Of India And Ors ...Respondents
WITH
WRIT PETITION NO. 4326 OF 2022
Kunvarji Commodities Brokers Private Limited ...Petitioner
Versus
Securities And Exchange Board Of India And Ors ...Respondents
WITH
WRIT PETITION NO. 4327 OF 2022
Rajiv Garg ...Petitioner
Versus
Securities And Exchange Board Of India And Ors ...Respondents
WITH
Mayur 1
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3-WP-4930-2024 (OS).doc
WRIT PETITION NO. 4798 OF 2022
Akshay Aluminium Alloys LLP ...Petitioner
Versus
Securities Exchange Board Of India And Ors ...Respondents
WITH
WRIT PETITION NO. 4797 OF 2022
Ankit S/o Dinesh Kuswah ...Petitioner
Versus
Ministry Of Finance ...Respondent
WITH
WRIT PETITION NO. 4799 OF 2022
Gopal S/o Manushankar Sahu ...Petitioner
Versus
Ministry Of Finance Union Of India Through Chairman ...Respondent
WITH
WRIT PETITION NO. 4800 OF 2022
Sanjeev Jain ...Petitioner
Versus
Union Of India ...Respondent
WITH
INTERIM APPLICATION (L) NO. 4965 OF 2025
WITH
INTERIM APPLICATION (L) NO. 12586 OF 2025
WITH
WRIT PETITION NO. 4801 OF 2022
R. K. Commodities Services Pvt Ltd ...Petitioner
Versus
Securities And Exchange Board Of India ...Respondent
WITH
WRIT PETITION NO. 4802 OF 2022
Shailendra Kumar Srivastava ...Petitioner
Versus
Union Of India ...Respondent
WITH
WRIT PETITION NO. 4835 OF 2022
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P. Natarajan Huf ...Petitioner
Versus
Securities And Exchange Board Of India And Ors. ...Respondents
WITH
WRIT PETITION NO. 5028 OF 2022
Nine Star Broking Private Limited ...Petitioner
Versus
Securities And Exchange Board ...Respondent
WITH
WRIT PETITION NO. 5027 OF 2022
Rahul Jain ...Petitioner
Versus
Securities And Exchange Board Of India ...Respondent
WITH
WRIT PETITION NO. 5029 OF 2022
Balaji Trading Company ...Petitioner
Versus
Securities Exchange Baord Of India ...Respondent
WITH
WRIT PETITION NO. 5033 OF 2022
Tradeswift Derivatives Pvt Ltd ...Petitioner
Versus
Ministry Of Finance, Union Of India
Through Chairman ...Respondent
WITH
WRIT PETITION NO. 5030 OF 2022
Nokha Commodity Services ...Petitioner
Versus
Securities And Exchange Board Of India And Ors ...Respondents
WITH
WRIT PETITION NO. 5032 OF 2022
Gordhan Shyam Gupta S/o Shri Mishri Lal Gupta ...Petitioner
Versus
Securities And Exchange Borad Of India (SEBI) ...Respondent
WITH
WRIT PETITION NO. 5031 OF 2022
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Bhagwan Sharda ...Petitioner
Versus
Union Of India Through Secretary ...Respondent
WITH
WRIT PETITION NO. 5034 OF 2022
Hindustan Technosol Pvt Ltd ...Petitioner
Versus
Ministry Of Finance Union Of India Through Chairman ...Respondents
WITH
WRIT PETITION NO. 5035 OF 2022
Narender Surana ...Petitioner
Versus
Securities And Exchange Baord Of India ...Respondent
-----------------
Mr Darius Khambata, Senior Advocate a/w Dr Abhinav Chandrachud, Mr
Shreyash Shah, Mr Darshan Patankar and Mr Pratik Dixit for Petitioner in
WP/4930/2024.
Mr PN Modi, Senior Advocate a/w Ms Kalpana Desai, Mr Rihal Kazi, Mr
Guru Shanmugam and MS Zainab Tinwala i/b M & M Legal Ventures for
Petitioner in WP/2160/2022.
Ms Kokila Kalra a/w Ms Beerta Bajwa, Ms Alifiya Manasawala, Mr Prateek
Agarwal and Ms Surabhi Mittal for Petitioner in WP/4237/2022.
Mr Rahul Malik (through VC) for Petitioner in WP/4800/2022
Mr Sumit Khanna a/w Mr Chirag Chanani, Mr Sachet Makhija and Mr
Tanveer Singh Narula i/b Dewani Associates for Petitioner in
WP/5035/2022.
Mr Mustafa Doctor, Senior Advocate a/w Mr Vishal Kanade, Mr Manish
Chhangani, Mr Sumit Yadav, Mr Abhay Chauhan and Mr Atul Agarwal i/b
The Law Point for Respondent No 1-SEBI.
Mr Zal Andhyarujina, Senior Advocate a/w Mr Sameer Pandit, Ms Sarrah
Khambati and Mr Aastik Agarwal i/b Wadia Ghandy & Co for Respondent
No 2 in WP/4930/2024.
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Mr Sameer Pandit a/w Ms Sarrah Khambati and Mr Aastik Agarwal i/b
Wadia Ghandy & Co for Respondent No 3 in WP/4930/2024.
Mr Janak Dwarkadas, Senior Advocate a/w Mr Sameer Pandit, Ms Sarrah
Khambati and Mr Aastik Agarwal i/b Wadia Ghandy & Co for Respondent
No 2 in WP/2160/2022.
Mr Sameer Pandit a/w Ms Sarrah Khambati and Mr Aastik Agarwal i/b
Wadia Ghandy & Co for Respondent No 3 in WP/2160/2022.
Mr Ashutosh Misra for Respondent No 1 (UOI) in WP/4800/2022.
Mr Aditya Trivedi i/b Induslaw for Respondent No 4 in WP/922/2023.
Mr Deepak Dhane a/w Ms Jadnyasa Kamble i/b Corporate Pleaders for
Respondent No 8 in WP/4800/2022.
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CORAM : R. I. CHAGLA AND
ADVAIT M. SETHNA, JJ.
DATED : 25th FEBRUARY, 2026 P.C.:-
1. The arguments have progressed substantially, and the matter will continue on 4 March 2026 at 3:00 p.m. By consent of the parties, the matter is treated as part-heard on 4 March 2026 at 3:00 p.m.
2. Advocates for the Petitioners shall coordinate with the Registry and ensure that all the papers and proceedings of the writ petitions (both sets) are available before the Court on the next date.
[ADVAIT M. SETHNA, J.] [R.I. CHAGLA, J.] Mayur 5 ::: Uploaded on - 27/02/2026 ::: Downloaded on - 27/02/2026 22:21:11 :::