2024 (3) TMI 988

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....by R. V. Legal. For the Respondent : Mr. Mustafa Doctor, Senior Advocate a/w Akash Jain & Daksha Kasekar i/by Mansukhlal Hiralal & Co.,. P.C. 1. Heard learned counsel for the parties. 2. The Petitioner was issued two show-cause notices dated 3rd May, 2023 by the Respondent. The Petitioner had replied to these show-cause notices being replies dated 17th May, 2023 and 13th June, 2023. On....

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....he Petitioner being aggrieved by the said rejection made a representation to the Respondent dated 17th November, 2023 requesting the Respondent to consider such documents by condoning the delay, which according to the Petitioner was not attributable to the Petitioner and for reasons which where not in Petitioner's control. Such representation also came to be rejected by the communication dated 14t....

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....f India and may kindly be pleased to issue Writ in the nature of Certiorari or any other Writ as this Hon'ble Court may deem fit and proper and kindly be pleased to quash and set aside correspondence dated November 9, 2023 having reference no. SEBIIHOIEFD2-SDIPIOW/2023/000004515 111, sent by Enforcement Department-2 Settlement department through the Assistant Manager, SEBI; d. Interim....

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....me, the Petitioner would certainly deserve an opportunity of his Settlement Applications being considered by the Respondent and it ought not to become inconsequential on account of a delay of 15 days in submission of the documents. This would certainly cause prejudice to the Petitioner. We are thus inclined to set aside the impugned order passed by the Respondent and restore the proceedings of the....